NGAM Advisors L.P. acquired a new position in shares of Sherwin-Williams Company (The) (NYSE:SHW) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 37,761 shares of the specialty chemicals company’s stock, valued at approximately $13,253,000.

Several other large investors have also recently made changes to their positions in the stock. American Beacon Advisors Inc. purchased a new stake in shares of Sherwin-Williams Company (The) during the first quarter worth about $106,000. Barometer Capital Management Inc. purchased a new stake in shares of Sherwin-Williams Company (The) during the first quarter worth about $124,000. Financial Architects Inc raised its stake in shares of 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 purchased a new stake in shares of Sherwin-Williams Company (The) during the first quarter worth about $139,000. Finally, Parallel Advisors LLC raised its stake in shares of 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 owned by hedge funds and other institutional investors.

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 1-year low of $239.48 and a 1-year high of $362.57. The firm has a market capitalization of $30.81 billion, a price-to-earnings ratio of 27.36 and a beta of 1.23. The firm has a 50-day moving average of $348.21 and a 200 day moving average of $328.31.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the company earned $4.06 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts expect that Sherwin-Williams Company will post $15.00 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.40 annualized dividend and a yield of 1.02%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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Several brokerages have recently issued reports on SHW. UBS AG reissued a “neutral” rating and set a $341.00 price target (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. Barclays PLC upped their target price on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Monday, April 24th. Zacks Investment Research upgraded 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. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Northcoast Research reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Sherwin-Williams Company (The) currently has a consensus rating of “Hold” and an average price target of $360.10.

In other Sherwin-Williams Company (The) news, insider Joel D. Baxter sold 5,470 shares of the firm’s 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 sale, the insider now owns 8,523 shares in the company, valued at approximately $2,859,466.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.69% of the stock is owned by corporate insiders.

Sherwin-Williams Company (The) Company 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.

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

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