American Century Companies Inc. cut its holdings in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,610 shares of the specialty chemicals company’s stock after selling 81 shares during the period. American Century Companies Inc.’s holdings in Sherwin-Williams Company (The) were worth $1,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at approximately $106,000. Peddock Capital Advisors LLC bought a new position in shares of Sherwin-Williams Company (The) during the second quarter valued at approximately $123,000. Parallel Advisors LLC boosted its stake in shares of Sherwin-Williams Company (The) by 2.6% during the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 11 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Sherwin-Williams Company (The) by 23.3% during the first quarter. SRS Capital Advisors Inc. now owns 540 shares of the specialty chemicals company’s stock valued at $167,000 after purchasing an additional 102 shares in the last quarter. Finally, Regent Investment Management LLC bought a new position in shares of Sherwin-Williams Company (The) during the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 73.90% of the company’s stock.

SHW has been the topic of a number of recent research reports. Robert W. Baird reiterated a “buy” rating and set a $375.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. Citigroup Inc. reiterated a “buy” rating and set a $410.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They set a “buy” rating and a $403.00 price objective on the stock. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC initiated coverage on shares of Sherwin-Williams Company (The) in a research note on Friday, May 26th. They set a “hold” rating and a $364.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $363.93.

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Sherwin-Williams Company (SHW) opened at 346.58 on Friday. The firm has a 50 day moving average of $338.07 and a 200-day moving average of $333.87. The stock has a market cap of $32.18 billion, a PE ratio of 28.57 and a beta of 1.22. 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 posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the 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 firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the firm earned $4.06 EPS. The company’s revenue was up 16.0% on a year-over-year basis. On average, analysts expect that Sherwin-Williams Company will post $14.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 28.05%.

Sherwin-Williams Company (The) 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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