Janney Montgomery Scott LLC increased its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,888 shares of the specialty chemicals company’s stock after buying an additional 567 shares during the period. Janney Montgomery Scott LLC’s holdings in Sherwin-Williams Company (The) were worth $6,278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SHW. Quadrature Capital Ltd bought a new position in Sherwin-Williams Company (The) during the fourth quarter worth $218,000. Macquarie Group Ltd. raised its position in Sherwin-Williams Company (The) by 97.7% in the fourth quarter. Macquarie Group Ltd. now owns 27,861 shares of the specialty chemicals company’s stock worth $7,487,000 after buying an additional 13,767 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Sherwin-Williams Company (The) by 3.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 70,180 shares of the specialty chemicals company’s stock worth $21,769,000 after buying an additional 2,583 shares during the last quarter. Rathbone Brothers plc bought a new position in Sherwin-Williams Company (The) during the first quarter worth $21,775,000. Finally, CENTRAL TRUST Co raised its position in Sherwin-Williams Company (The) by 39.4% in the first quarter. CENTRAL TRUST Co now owns 2,510 shares of the specialty chemicals company’s stock worth $779,000 after buying an additional 710 shares during the last quarter. 72.92% of the stock is owned by institutional investors and hedge funds.

Shares of Sherwin-Williams Company (NYSE SHW) traded down 0.05% during mid-day trading on Friday, reaching $331.88. The company’s stock had a trading volume of 509,013 shares. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $362.57. The company’s 50-day moving average price is $348.21 and its 200-day moving average price is $328.31. The stock has a market capitalization of $30.81 billion, a P/E ratio of 27.36 and a beta of 1.23.

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

The business 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 $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 28.05%.

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A number of research analysts have weighed in on SHW shares. Credit Suisse Group set a $344.00 target price on Sherwin-Williams Company (The) and gave the company a “buy” rating in a report on Thursday, April 20th. Barclays PLC lifted their target price on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a report on Monday, April 24th. Zacks Investment Research raised Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a report on Thursday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $375.00 target price (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, May 17th. Finally, Jefferies Group LLC started coverage on Sherwin-Williams Company (The) in a report on Friday, May 26th. They set a “hold” rating and a $364.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $360.10.

In other news, insider Joel D. Baxter sold 5,470 shares of Sherwin-Williams Company (The) stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $335.50, for a total value of $1,835,185.00. Following the completion of the transaction, the insider now owns 8,523 shares in the company, valued at approximately $2,859,466.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.69% of the stock is currently owned by 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.

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

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