Baillie Gifford & Co. trimmed its holdings in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,058 shares of the specialty chemicals company’s stock after selling 811 shares during the period. Baillie Gifford & Co.’s holdings in Sherwin-Williams Company (The) were worth $13,627,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Intact Investment Management Inc. purchased a new stake in Sherwin-Williams Company (The) during the third quarter valued at about $225,000. Crossmark Global Holdings Inc. purchased a new stake in Sherwin-Williams Company (The) during the third quarter valued at about $3,843,000. BARING ASSET MANAGEMENT Ltd boosted its position in Sherwin-Williams Company (The) by 10.9% during the third quarter. BARING ASSET MANAGEMENT Ltd now owns 4,745 shares of the specialty chemicals company’s stock valued at $1,699,000 after buying an additional 467 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Sherwin-Williams Company (The) by 5.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 25,175 shares of the specialty chemicals company’s stock valued at $9,018,000 after buying an additional 1,339 shares during the period. Finally, Pictet Asset Management Ltd. boosted its position in Sherwin-Williams Company (The) by 3.0% during the third quarter. Pictet Asset Management Ltd. now owns 73,520 shares of the specialty chemicals company’s stock valued at $26,323,000 after buying an additional 2,170 shares during the period. Institutional investors and hedge funds own 73.88% of the company’s stock.

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Several analysts have issued reports on SHW shares. Robert W. Baird restated a “buy” rating and set a $375.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 price target for the company in a research report on Wednesday, September 20th. Royal Bank Of Canada restated a “buy” rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, September 20th. KeyCorp restated a “buy” rating and set a $415.00 price target on shares of Sherwin-Williams Company (The) in a research report on Sunday, September 3rd. Finally, Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target for the company in a research report on Sunday, July 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $395.62.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.05. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. The firm’s quarterly revenue was up 37.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.23 EPS.

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 0.87%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 29.90%.

Sherwin-Williams Company (The) 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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