King Luther Capital Management Corp cut its holdings in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,516 shares of the specialty chemicals company’s stock after selling 215 shares during the quarter. King Luther Capital Management Corp’s holdings in Sherwin-Williams Company (The) were worth $13,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fairfax Financial Holdings Ltd Can bought a new position in Sherwin-Williams Company (The) in the first quarter valued at approximately $212,000. Principal Financial Group Inc. grew its stake in shares of Sherwin-Williams Company (The) by 6.1% during the second quarter. Principal Financial Group Inc. now owns 809,752 shares of the specialty chemicals company’s stock worth $284,191,000 after buying an additional 46,800 shares during the last quarter. BP PLC grew its stake in shares of Sherwin-Williams Company (The) by 140.0% during the first quarter. BP PLC now owns 9,600 shares of the specialty chemicals company’s stock worth $2,977,000 after buying an additional 5,600 shares during the last quarter. Independent Advisor Alliance grew its stake in shares of Sherwin-Williams Company (The) by 2.8% during the first quarter. Independent Advisor Alliance now owns 5,939 shares of the specialty chemicals company’s stock worth $1,837,000 after buying an additional 159 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of Sherwin-Williams Company (The) by 321.3% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,108 shares of the specialty chemicals company’s stock worth $344,000 after buying an additional 845 shares during the last quarter. 73.90% of the stock is currently owned by institutional investors.

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 target on shares of Sherwin-Williams Company (The) in a report on Friday, September 1st. Citigroup Inc. restated a “buy” rating and issued a $410.00 target price on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) started coverage on shares of Sherwin-Williams Company (The) in a report on Thursday, June 8th. They issued a “buy” rating and a $403.00 target price on the stock. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC started coverage on shares of Sherwin-Williams Company (The) in a research note on Friday, May 26th. They issued a “hold” rating and a $364.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $363.93.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/15/king-luther-capital-management-corp-sells-215-shares-of-sherwin-williams-company-the-shw.html.

Shares of Sherwin-Williams Company (NYSE:SHW) traded down 0.61% during mid-day trading on Friday, hitting $344.43. 144,108 shares of the stock were exchanged. The firm has a market cap of $31.98 billion, a price-to-earnings ratio of 28.39 and a beta of 1.22. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $362.57. The stock has a 50-day moving average price of $338.07 and a 200 day moving average price of $333.87.

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 Thomson Reuters’ consensus estimate of $4.54 by ($0.02). The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. Sherwin-Williams Company (The)’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.06 EPS. On average, equities research analysts expect that Sherwin-Williams Company will post $14.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a dividend of $0.85 per share. The ex-dividend date was Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.98%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 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.

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.