Employees Retirement System of Texas trimmed its holdings in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 22.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,000 shares of the specialty chemicals company’s stock after selling 7,000 shares during the period. Employees Retirement System of Texas’ holdings in Sherwin-Williams Company (The) were worth $8,423,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. grew its stake in shares of Sherwin-Williams Company (The) by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock valued at $542,000 after buying an additional 4 shares during the period. BRYN MAWR TRUST Co increased its position in Sherwin-Williams Company (The) by 0.7% in the 2nd quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock valued at $361,000 after buying an additional 7 shares in the last quarter. Dynamic Advisors Solutions LLC increased its position in Sherwin-Williams Company (The) by 1.2% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock valued at $240,000 after buying an additional 8 shares in the last quarter. IFP Advisors Inc increased its position in Sherwin-Williams Company (The) by 0.5% in the 2nd quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock valued at $599,000 after buying an additional 9 shares in the last quarter. Finally, Valmark Advisers Inc. increased its position in Sherwin-Williams Company (The) by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock valued at $1,288,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 73.83% of the company’s stock.

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A number of equities research analysts have commented on the company. UBS AG reissued a “neutral” rating and issued a $341.00 price objective (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price objective for the company in a report on Sunday, July 23rd. Northcoast Research reaffirmed a “buy” rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 19th. BidaskClub lowered Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research cut Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $364.46.

Shares of Sherwin-Williams Company (SHW) traded up 3.30% during midday trading on Tuesday, reaching $371.29. 608,411 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $342.74 and a 200-day moving average of $337.54. The stock has a market capitalization of $34.47 billion, a P/E ratio of 30.61 and a beta of 1.22. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $377.24.

Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing analysts’ consensus estimates of $4.54 by ($0.02). Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the company posted $4.06 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Analysts anticipate that Sherwin-Williams Company will post $14.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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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