Advisors Asset Management Inc. boosted its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 9.2% during the second quarter, Holdings Channel reports. The fund owned 19,308 shares of the specialty chemicals company’s stock after buying an additional 1,628 shares during the period. Advisors Asset Management Inc.’s holdings in Sherwin-Williams Company (The) were worth $6,776,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SHW. American Beacon Advisors Inc. purchased a new position in Sherwin-Williams Company (The) during the first quarter valued at $106,000. Barometer Capital Management Inc. purchased a new position in Sherwin-Williams Company (The) during the first quarter valued at $124,000. Parallel Advisors LLC boosted its position in Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares during the last quarter. Financial Architects Inc boosted its position in Sherwin-Williams Company (The) by 218.4% in the first quarter. Financial Architects Inc now owns 433 shares of the specialty chemicals company’s stock valued at $134,000 after buying an additional 297 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Sherwin-Williams Company (The) during the first quarter valued at $139,000. Hedge funds and other institutional investors own 72.69% of the company’s stock.

Shares of Sherwin-Williams Company (SHW) opened at 332.57 on Wednesday. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The company has a 50 day moving average of $346.90 and a 200 day moving average of $329.42. The firm has a market cap of $30.88 billion, a price-to-earnings ratio of 27.42 and a beta of 1.23.

Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing analysts’ consensus estimates of $4.54 by $0.02. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the business posted $4.06 EPS. On average, equities analysts forecast that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.

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Several equities analysts have weighed in on the stock. UBS AG reiterated a “neutral” rating and set a $341.00 price objective (up from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. BidaskClub cut shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Credit Suisse Group set a $344.00 price objective on shares of Sherwin-Williams Company (The) and gave the stock a “buy” rating in a research report on Thursday, April 20th. Vertical Research reiterated a “hold” rating and set a $335.00 price objective (up from $316.00) on shares of Sherwin-Williams Company (The) in a research report on Monday, June 26th. Finally, Zacks Investment Research cut shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target 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.

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

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