IFC Holdings Incorporated FL cut its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,142 shares of the specialty chemicals company’s stock after selling 27 shares during the period. IFC Holdings Incorporated FL’s holdings in Sherwin-Williams Company (The) were worth $1,103,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. bought a new stake in Sherwin-Williams Company (The) during the first quarter valued at approximately $106,000. Barometer Capital Management Inc. bought a new stake in Sherwin-Williams Company (The) during the first quarter valued at approximately $124,000. Parallel Advisors LLC increased its stake 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 valued at $144,000 after buying an additional 11 shares during the last quarter. Financial Architects Inc increased its stake 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 valued at $134,000 after buying an additional 297 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Sherwin-Williams Company (The) during the first quarter valued at approximately $139,000. 72.92% of the stock is owned by institutional investors.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 331.88 on Friday. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The company has a market cap of $30.81 billion, a PE ratio of 27.36 and a beta of 1.23. The company has a 50-day moving average price of $348.21 and a 200-day moving average price of $328.31.

Sherwin-Williams Company (The) (NYSE:SHW) last posted 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 return on equity of 63.81% and a net margin of 9.14%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the firm posted $4.06 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts expect that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a $0.85 dividend. 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 dividend payout ratio is currently 28.05%.

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Several research firms have recently commented on SHW. UBS AG reissued a “neutral” rating and issued a $341.00 price objective (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. BidaskClub downgraded Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Credit Suisse Group set a $344.00 price objective on Sherwin-Williams Company (The) and gave the company a “buy” rating in a report on Thursday, April 20th. Vertical Research reissued a “hold” rating and issued a $335.00 price objective (up previously from $316.00) on shares of Sherwin-Williams Company (The) in a report on Monday, June 26th. Finally, Zacks Investment Research downgraded Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Two investment 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. Sherwin-Williams Company (The) currently has an average 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 business’s stock in a transaction 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 transaction, the insider now owns 8,523 shares of the company’s stock, valued at $2,859,466.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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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