KBC Group NV decreased its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,400 shares of the specialty chemicals company’s stock after selling 74 shares during the period. KBC Group NV’s holdings in Sherwin-Williams Company (The) were worth $5,756,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Sherwin-Williams Company (The) by 1,591.2% in the first quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock worth $1,634,079,000 after buying an additional 4,956,505 shares during the last quarter. Jana Partners LLC bought a new stake in Sherwin-Williams Company (The) during the first quarter worth approximately $203,163,000. Renaissance Technologies LLC increased its stake in Sherwin-Williams Company (The) by 195.1% in the first quarter. Renaissance Technologies LLC now owns 961,900 shares of the specialty chemicals company’s stock worth $298,372,000 after buying an additional 635,900 shares during the period. Vanguard Group Inc. increased its stake in Sherwin-Williams Company (The) by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,276,033 shares of the specialty chemicals company’s stock worth $1,946,763,000 after buying an additional 365,675 shares during the period. Finally, Prudential Financial Inc. increased its stake in Sherwin-Williams Company (The) by 272.8% in the first quarter. Prudential Financial Inc. now owns 467,216 shares of the specialty chemicals company’s stock worth $144,926,000 after buying an additional 341,880 shares during the period. 72.69% of the stock is owned by hedge funds and other institutional investors.
Sherwin-Williams Company (NYSE SHW) opened at 339.03 on Wednesday. The company’s 50-day moving average is $344.01 and its 200-day moving average is $330.16. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57. The stock has a market capitalization of $31.48 billion, a P/E ratio of 27.95 and a beta of 1.23.
Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company earned $4.06 earnings per share. Sherwin-Williams Company (The)’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Sherwin-Williams Company will post $15.00 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is 28.05%.
A number of analysts have commented on the stock. Northcoast Research restated a “buy” rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 19th. Vertical Research restated a “hold” rating and set a $335.00 price target (up from $316.00) on shares of Sherwin-Williams Company (The) in a research report on Monday, June 26th. Citigroup Inc. restated a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. UBS AG restated a “neutral” rating and set a $375.00 price target (up from $359.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 26th. Finally, Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target on the stock in a research report on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Sherwin-Williams Company (The) has an average rating of “Hold” and an average price target of $360.10.
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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