Keybank National Association OH grew its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,808 shares of the specialty chemicals company’s stock after buying an additional 9,349 shares during the quarter. Keybank National Association OH owned 0.19% of Sherwin-Williams Company (The) worth $62,588,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Sherwin-Williams Company (The) in the second quarter valued at approximately $100,000. American Beacon Advisors Inc. acquired a new position in shares of Sherwin-Williams Company (The) in the first quarter valued at approximately $106,000. Peddock Capital Advisors LLC acquired a new position in shares of Sherwin-Williams Company (The) in the second quarter valued at approximately $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Sherwin-Williams Company (The) by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after buying an additional 29 shares during the period. Finally, Acrospire Investment Management LLC acquired a new position in shares of Sherwin-Williams Company (The) in the second quarter valued at approximately $169,000. Institutional investors own 73.73% of the company’s stock.

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Shares of Sherwin-Williams Company (NYSE SHW) traded down $3.17 during midday trading on Tuesday, hitting $393.94. The stock had a trading volume of 375,275 shares, compared to its average volume of 644,456. Sherwin-Williams Company has a 52 week low of $245.09 and a 52 week high of $398.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. The stock has a market capitalization of $36,880.00, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. Sherwin-Williams Company (The)’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.23 earnings per share. analysts anticipate that Sherwin-Williams Company will post 15.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.86%. Sherwin-Williams Company (The)’s payout ratio is currently 28.81%.

Several research firms have recently weighed in on SHW. Citigroup Inc. upped their price target on shares of Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Wells Fargo & Company reissued a “market perform” rating and issued a $400.00 price objective (up previously from $360.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, October 25th. UBS AG upped their price target on shares of Sherwin-Williams Company (The) from $375.00 to $395.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Longbow Research reaffirmed a “buy” rating and set a $440.00 price target (up from $400.00) on shares of Sherwin-Williams Company (The) in a research report on Monday, October 9th. Finally, Zelman & Associates raised shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $395.62.

About Sherwin-Williams Company (The)

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)

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