Sherwin-Williams Company (The) (SHW) Stake Decreased by Investment Centers of America Inc.

Investment Centers of America Inc. cut its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 17.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 910 shares of the specialty chemicals company’s stock after selling 193 shares during the quarter. Investment Centers of America Inc.’s holdings in Sherwin-Williams Company (The) were worth $319,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Amalgamated Bank grew its stake in shares of Sherwin-Williams Company (The) by 58.2% during the 2nd quarter. Amalgamated Bank now owns 9,651 shares of the specialty chemicals company’s stock worth $3,387,000 after purchasing an additional 3,551 shares during the period. BlackRock Inc. grew its stake in shares of Sherwin-Williams Company (The) by 3.9% during the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after purchasing an additional 204,766 shares during the period. KCM Investment Advisors LLC grew its stake in shares of Sherwin-Williams Company (The) by 9.4% during the 2nd quarter. KCM Investment Advisors LLC now owns 2,313 shares of the specialty chemicals company’s stock worth $812,000 after purchasing an additional 198 shares during the period. Comerica Securities Inc. grew its stake in shares of Sherwin-Williams Company (The) by 1.7% during the 2nd quarter. Comerica Securities Inc. now owns 3,644 shares of the specialty chemicals company’s stock worth $1,279,000 after purchasing an additional 61 shares during the period. Finally, Findlay Park Partners LLP grew its stake in shares of Sherwin-Williams Company (The) by 16.9% during the 2nd quarter. Findlay Park Partners LLP now owns 485,341 shares of the specialty chemicals company’s stock worth $170,335,000 after purchasing an additional 70,000 shares during the period. 73.82% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on SHW. UBS AG reaffirmed a “neutral” rating and set a $341.00 price target (up from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. Credit Suisse Group raised shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target on the stock in a research note on Sunday, July 23rd. Citigroup Inc. reaffirmed a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. BidaskClub cut shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) began 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 target on the stock. Two 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. The company currently has an average rating of “Hold” and an average price target of $363.93.

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Sherwin-Williams Company (NYSE:SHW) opened at 339.70 on Tuesday. The stock has a market capitalization of $31.54 billion, a price-to-earnings ratio of 28.00 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. The firm has a 50-day moving average of $337.86 and a 200-day moving average of $334.61.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the business earned $4.06 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts forecast that Sherwin-Williams Company will post $14.98 earnings per share for the current fiscal 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 dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a yield of 1.00%. Sherwin-Williams Company (The)’s payout ratio is presently 28.05%.

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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