Cambridge Investment Research Advisors Inc. trimmed its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 31.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,151 shares of the specialty chemicals company’s stock after selling 3,713 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sherwin-Williams Company (The) were worth $2,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in Sherwin-Williams Company (The) during the 2nd quarter worth approximately $100,000. Peddock Capital Advisors LLC purchased a new position in Sherwin-Williams Company (The) during the 2nd quarter worth approximately $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Sherwin-Williams Company (The) by 7.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 29 shares in the last quarter. Parallel Advisors LLC grew its position in Sherwin-Williams Company (The) by 13.4% during the 2nd quarter. Parallel Advisors LLC now owns 490 shares of the specialty chemicals company’s stock worth $165,000 after purchasing an additional 58 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new position in Sherwin-Williams Company (The) during the 2nd quarter worth approximately $169,000. Hedge funds and other institutional investors own 73.17% of the company’s stock.

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A number of equities research analysts have issued reports on the stock. Citigroup Inc. lifted their target price on shares of Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Robert W. Baird reissued a “buy” rating and set a $425.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, November 10th. Wells Fargo & Company reissued a “market perform” rating and set a $400.00 target price (up previously from $360.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, October 25th. UBS AG lifted their target price on shares of Sherwin-Williams Company (The) from $375.00 to $395.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Longbow Research reissued a “buy” rating and set a $440.00 target price (up previously from $400.00) on shares of Sherwin-Williams Company (The) in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Sherwin-Williams Company (The) has a consensus rating of “Hold” and a consensus price target of $398.25.

Sherwin-Williams Company (NYSE SHW) traded down $1.05 during trading on Friday, reaching $386.98. 309,172 shares of the company’s stock were exchanged, compared to its average volume of 638,935. The firm has a market cap of $36,290.00, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.17 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. Sherwin-Williams Company has a 52-week low of $260.00 and a 52-week high of $398.22.

Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. The business’s revenue was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.23 EPS. analysts forecast that Sherwin-Williams Company will post 15.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 16th. Sherwin-Williams Company (The)’s dividend payout ratio is 28.81%.

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.

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

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