Bright Rock Capital Management LLC held its position in Sherwin-Williams Company (The) (NYSE:SHW) during the second quarter, Holdings Channel reports. The institutional investor owned 23,100 shares of the specialty chemicals company’s stock at the end of the second quarter. Sherwin-Williams Company (The) makes up about 2.4% of Bright Rock Capital Management LLC’s holdings, making the stock its 5th largest position. Bright Rock Capital Management LLC’s holdings in Sherwin-Williams Company (The) were worth $8,107,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in Sherwin-Williams Company (The) during the first quarter worth $106,000. Barometer Capital Management Inc. bought a new position in Sherwin-Williams Company (The) during the first quarter worth $124,000. Financial Architects Inc increased 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 worth $134,000 after buying an additional 297 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Sherwin-Williams Company (The) during the first quarter worth $139,000. Finally, Parallel Advisors LLC increased 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 worth $144,000 after buying an additional 11 shares in the last quarter. 72.92% of the stock is currently owned by institutional investors.

Sherwin-Williams Company (NYSE:SHW) opened at 335.68 on Thursday. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57. The firm has a market capitalization of $31.16 billion, a price-to-earnings ratio of 27.67 and a beta of 1.23. The firm’s 50-day moving average is $349.54 and its 200 day moving average is $327.94.

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 (EPS) for the quarter, missing the 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 business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the prior year, the business earned $4.06 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts forecast that Sherwin-Williams Company will post $15.00 EPS for the current fiscal year.

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

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A number of equities analysts have weighed in on SHW shares. Credit Suisse Group set a $344.00 price target on shares of Sherwin-Williams Company (The) and gave the stock a “buy” rating in a research note on Thursday, April 20th. Citigroup Inc. reaffirmed a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. Longbow Research raised shares of Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They issued a “buy” rating and a $403.00 target price on the stock. Finally, Zacks Investment Research raised shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research note on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $360.10.

In other news, insider Joel D. Baxter sold 5,470 shares of Sherwin-Williams Company (The) stock in a transaction on Monday, May 15th. The stock was sold at an average price of $335.50, for a total transaction of $1,835,185.00. Following the completion of the sale, the insider now owns 8,523 shares of the company’s stock, valued at $2,859,466.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.69% of the stock is currently owned by company insiders.

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.

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

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