Rockland Trust Co. cut its position in Sherwin-Williams Company (The) (NYSE:SHW) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,420 shares of the specialty chemicals company’s stock after selling 1,180 shares during the period. Sherwin-Williams Company (The) accounts for 1.7% of Rockland Trust Co.’s portfolio, making the stock its 21st largest position. Rockland Trust Co.’s holdings in Sherwin-Williams Company (The) were worth $10,676,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SHW. American Beacon Advisors Inc. purchased a new position in Sherwin-Williams Company (The) during the first quarter worth approximately $106,000. Barometer Capital Management Inc. purchased a new position in Sherwin-Williams Company (The) during the first quarter worth approximately $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 during the period. State of Alaska Department of Revenue purchased a new position in Sherwin-Williams Company (The) during the first quarter worth approximately $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 during the period. Institutional investors and hedge funds own 72.92% of the company’s stock.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 332.50 on Wednesday. The company has a market cap of $30.87 billion, a PE ratio of 27.41 and a beta of 1.23. The stock’s 50 day moving average price is $351.33 and its 200-day moving average price is $326.57. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $362.57.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the company earned $4.06 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities research analysts forecast that Sherwin-Williams Company will post $15.00 earnings per share for the current year.

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

COPYRIGHT VIOLATION WARNING: “Rockland Trust Co. Cuts Stake in Sherwin-Williams Company (The) (NYSE:SHW)” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/09/rockland-trust-co-cuts-stake-in-sherwin-williams-company-the-nyseshw.html.

A number of equities analysts recently commented on the company. UBS AG reiterated a “neutral” rating and issued a $341.00 price target (up from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target for the company in a research note on Sunday, July 23rd. Citigroup Inc. reiterated a “buy” rating and issued a $410.00 price target on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. BidaskClub downgraded Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Barclays PLC lifted their price target on 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. 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’s stock. Sherwin-Williams Company (The) currently has a consensus rating of “Hold” and a consensus target price of $360.10.

In related news, insider Joel D. Baxter sold 5,470 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $335.50, for a total value of $1,835,185.00. Following the transaction, the insider now directly owns 8,523 shares in the company, valued at $2,859,466.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.69% of the company’s stock.

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)

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.