IFP Advisors Inc increased its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,708 shares of the specialty chemicals company’s stock after buying an additional 9 shares during the period. IFP Advisors Inc’s holdings in Sherwin-Williams Company (The) were worth $599,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in Sherwin-Williams Company (The) during the fourth quarter worth $218,000. Macquarie Group Ltd. increased its stake 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 in the last quarter. Gulf International Bank UK Ltd increased its stake in Sherwin-Williams Company (The) by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 24,536 shares of the specialty chemicals company’s stock worth $7,610,000 after buying an additional 330 shares in the last quarter. National Pension Service increased its stake in Sherwin-Williams Company (The) by 7.8% in the first quarter. National Pension Service now owns 65,490 shares of the specialty chemicals company’s stock worth $20,316,000 after buying an additional 4,736 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in Sherwin-Williams Company (The) by 28.7% in the first quarter. Carroll Financial Associates Inc. now owns 641 shares of the specialty chemicals company’s stock worth $198,000 after buying an additional 143 shares in the last quarter. 72.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sherwin-Williams Company (NYSE:SHW) opened at 331.88 on Friday. The stock has a market cap of $30.81 billion, a P/E ratio of 27.36 and a beta of 1.23. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57. The stock’s 50 day moving average is $348.21 and its 200-day moving average is $328.31.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the firm posted $4.06 EPS. Sherwin-Williams Company (The)’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Sherwin-Williams Company will post $15.00 EPS for the current year.

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

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

In related news, insider Joel D. Baxter sold 5,470 shares of the company’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 sale, the insider now owns 8,523 shares in the company, valued at $2,859,466.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.69% of the stock is currently owned by 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.

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

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