Fmr LLC increased its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 10.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,433,712 shares of the specialty chemicals company’s stock after buying an additional 338,320 shares during the period. Fmr LLC’s holdings in Sherwin-Williams Company (The) were worth $1,065,103,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Smith Shellnut Wilson LLC ADV bought a new stake in Sherwin-Williams Company (The) during the fourth quarter worth about $312,000. Pacad Investment Ltd. raised its stake in Sherwin-Williams Company (The) by 64.8% in the fourth quarter. Pacad Investment Ltd. now owns 5,600 shares of the specialty chemicals company’s stock worth $1,505,000 after buying an additional 2,201 shares in the last quarter. Gideon Capital Advisors Inc. bought a new stake in Sherwin-Williams Company (The) during the fourth quarter worth about $261,000. Massmutual Trust Co. FSB ADV bought a new stake in Sherwin-Williams Company (The) during the fourth quarter worth about $104,000. Finally, Iberiabank Corp raised its stake in Sherwin-Williams Company (The) by 5.8% in the fourth quarter. Iberiabank Corp now owns 2,518 shares of the specialty chemicals company’s stock worth $677,000 after buying an additional 137 shares in the last quarter. 73.18% of the stock is currently owned by institutional investors.

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

Sherwin-Williams Company (NYSE:SHW) traded up 0.90% on Tuesday, reaching $360.21. The company had a trading volume of 140,688 shares. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $360.43. The stock has a 50 day moving average of $339.29 and a 200 day moving average of $309.07. The firm has a market capitalization of $33.34 billion, a PE ratio of 28.22 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Thursday, April 20th. The specialty chemicals company reported $2.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.20. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. Sherwin-Williams Company (The) had a return on equity of 71.96% and a net margin of 10.02%. Sherwin-Williams Company (The)’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.81 earnings per share. On average, analysts anticipate that Sherwin-Williams Company will post $14.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Friday, May 19th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.95%. The ex-dividend date was Wednesday, May 17th. Sherwin-Williams Company (The)’s dividend payout ratio is currently 26.67%.

TRADEMARK VIOLATION WARNING: This report was first posted by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.dailypolitical.com/2017/06/20/fmr-llc-has-1-07-billion-stake-in-sherwin-williams-company-the-shw.html.

A number of research firms have issued reports on SHW. Longbow Research raised 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 report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) began coverage on Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They issued a “buy” rating and a $403.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Zacks Investment Research lowered Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Finally, Jefferies Group LLC started coverage on Sherwin-Williams Company (The) in a research report on Friday, May 26th. They issued a “hold” rating and a $364.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Sherwin-Williams Company (The) presently has a consensus rating of “Buy” and a consensus target price of $350.38.

In related news, Director Susan J. Kropf sold 2,000 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $338.93, for a total value of $677,860.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Davisson sold 10,500 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $335.00, for a total value of $3,517,500.00. Following the completion of the sale, the insider now directly owns 7,166 shares of the company’s stock, valued at $2,400,610. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,955 shares of company stock valued at $15,525,668. 1.69% of the stock is owned by corporate 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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Company (The) (NYSE:SHW).

Receive News & Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.