Shares of Sherwin-Williams Co. (NYSE:SHW) shot up 1.2% during mid-day trading on Tuesday . The company traded as high as $301.47 and last traded at $301.07, with a volume of 253,084 shares. The stock had previously closed at $297.36.

A number of research firms have issued reports on SHW. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $324.00 price objective on the stock in a research note on Tuesday, May 3rd. Seaport Global Securities cut Sherwin-Williams from an “accumulate” rating to a “neutral” rating and set a $320.00 target price for the company. in a report on Monday, July 11th. Morgan Stanley reiterated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, June 8th. Robert W. Baird reiterated an “outperform” rating and issued a $330.00 target price on shares of Sherwin-Williams in a report on Monday, July 25th. Finally, Argus assumed coverage on Sherwin-Williams in a report on Wednesday, April 6th. They issued a “hold” rating and a $293.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $318.58.

The firm’s 50 day moving average price is $296.68 and its 200 day moving average price is $283.93. The stock has a market capitalization of $27.61 billion and a price-to-earnings ratio of 25.37.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, July 21st. The company reported $4.06 EPS for the quarter, missing analysts’ consensus estimates of $4.16 by $0.10. During the same period last year, the company earned $3.70 earnings per share. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.28 billion. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Sherwin-Williams Co. will post $12.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, August 17th.

In other Sherwin-Williams news, SVP Allen J. Mistysyn sold 3,353 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $291.58, for a total value of $977,667.74. Following the completion of the sale, the senior vice president now owns 10,881 shares in the company, valued at approximately $3,172,681.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John G. Morikis sold 30,353 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $298.75, for a total transaction of $9,067,958.75. Following the completion of the sale, the chief executive officer now owns 119,804 shares of the company’s stock, valued at approximately $35,791,445. The disclosure for this sale can be found here.

A number of large investors recently added to or reduced their stakes in SHW. Janus Capital Management increased its stake in Sherwin-Williams by 48.8% in the third quarter. Janus Capital Management now owns 778,376 shares of the company’s stock worth $173,407,000 after buying an additional 255,380 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Sherwin-Williams by 1.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,170 shares of the company’s stock worth $1,342,000 after buying an additional 80 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Sherwin-Williams by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 8,826 shares of the company’s stock worth $2,291,000 after buying an additional 24 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Sherwin-Williams by 19.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 17,761 shares of the company’s stock worth $4,386,000 after buying an additional 2,927 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Sherwin-Williams by 5.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 10,761 shares of the company’s stock worth $2,794,000 after buying an additional 571 shares during the last quarter.

The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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