Raymond James Trust N.A. lowered its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,269 shares of the specialty chemicals company’s stock after selling 24 shares during the quarter. Raymond James Trust N.A.’s holdings in Sherwin-Williams Company (The) were worth $445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. First Trust Advisors LP increased its stake in shares of Sherwin-Williams Company (The) by 46.1% during the 1st quarter. First Trust Advisors LP now owns 22,912 shares of the specialty chemicals company’s stock valued at $7,107,000 after acquiring an additional 7,226 shares during the last quarter. Corbyn Investment Management Inc. MD acquired a new position in shares of Sherwin-Williams Company (The) during the 1st quarter valued at about $7,864,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sherwin-Williams Company (The) by 37.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,557 shares of the specialty chemicals company’s stock valued at $7,307,000 after acquiring an additional 6,416 shares during the last quarter. Carnick & Kubik Group LLC acquired a new position in shares of Sherwin-Williams Company (The) during the 1st quarter valued at about $735,000. Finally, Swiss National Bank increased its stake in shares of Sherwin-Williams Company (The) by 28.2% during the 1st quarter. Swiss National Bank now owns 279,861 shares of the specialty chemicals company’s stock valued at $86,810,000 after acquiring an additional 61,600 shares during the last quarter. 73.90% of the stock is owned by institutional investors.

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SHW has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Jefferies Group LLC initiated coverage on shares of Sherwin-Williams Company (The) in a research report on Friday, May 26th. They set a “hold” rating and a $364.00 target price for the company. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. UBS AG reissued a “neutral” rating and set a $375.00 target price (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 26th. Finally, Robert W. Baird reissued a “buy” rating and set a $375.00 target price on shares of Sherwin-Williams Company (The) in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $363.93.

Shares of Sherwin-Williams Company (SHW) opened at 340.98 on Friday. The company’s 50 day moving average price is $337.94 and its 200 day moving average price is $334.09. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $362.57. The firm has a market capitalization of $31.66 billion, a price-to-earnings ratio of 28.11 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) 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 the consensus estimate of $3.83 billion. During the same quarter in the previous year, the firm posted $4.06 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts forecast that Sherwin-Williams Company will post $14.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were given a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $3.40 annualized dividend and a yield of 1.00%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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.

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

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