Principal Financial Group Inc. raised its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 809,752 shares of the specialty chemicals company’s stock after buying an additional 46,800 shares during the period. Principal Financial Group Inc. owned 0.87% of Sherwin-Williams Company (The) worth $284,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Sherwin-Williams Company (The) by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,276,033 shares of the specialty chemicals company’s stock valued at $1,946,763,000 after buying an additional 365,675 shares during the period. BlackRock Inc. increased its position in shares of Sherwin-Williams Company (The) by 1,591.2% in the first quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock valued at $1,634,079,000 after buying an additional 4,956,505 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Sherwin-Williams Company (The) by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock valued at $1,322,887,000 after buying an additional 136,991 shares during the period. State Street Corp increased its position in shares of Sherwin-Williams Company (The) by 1.0% in the first quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock valued at $1,188,731,000 after buying an additional 39,010 shares during the period. Finally, FMR LLC increased its position in shares of Sherwin-Williams Company (The) by 10.9% in the first quarter. FMR LLC now owns 3,433,712 shares of the specialty chemicals company’s stock valued at $1,065,103,000 after buying an additional 338,320 shares during the period. Institutional investors and hedge funds own 73.89% of the company’s stock.

Shares of Sherwin-Williams Company (NYSE:SHW) opened at 338.00 on Thursday. The stock’s 50 day moving average is $342.66 and its 200 day moving average is $330.76. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57. The firm has a market capitalization of $31.38 billion, a price-to-earnings ratio of 27.86 and a beta of 1.23.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the company earned $4.06 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio is presently 28.05%.

COPYRIGHT VIOLATION WARNING: This report was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/principal-financial-group-inc-acquires-46800-shares-of-sherwin-williams-company-the-shw/1534037.html.

Several research analysts recently commented on the stock. UBS AG reiterated a “neutral” rating and issued a $341.00 target price (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price on the stock in a report on Sunday, July 23rd. Citigroup Inc. reiterated a “buy” rating and issued a $410.00 target price on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Sherwin-Williams Company (The) in a report on Thursday, June 8th. They issued a “buy” rating and a $403.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Sherwin-Williams Company (The) presently has an average rating of “Hold” and an average target price of $360.10.

Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Institutional Ownership by Quarter for Sherwin-Williams Company (The) (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.