Wellington Shields Capital Management LLC held its position in Sherwin-Williams Company (The) (NYSE:SHW) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 860 shares of the specialty chemicals company’s stock at the end of the first quarter. Wellington Shields Capital Management LLC’s holdings in Sherwin-Williams Company (The) were worth $267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV bought a new position in Sherwin-Williams Company (The) during the fourth quarter worth $104,000. Parallel Advisors LLC bought a new position in Sherwin-Williams Company (The) during the fourth quarter worth $113,000. SRS Capital Advisors Inc. bought a new position in Sherwin-Williams Company (The) during the fourth quarter worth $118,000. TLP Group LLC acquired a new stake in shares of Sherwin-Williams Company (The) during the third quarter valued at approximately $120,000. Finally, Barometer Capital Management Inc. acquired a new stake in shares of Sherwin-Williams Company (The) during the first quarter valued at approximately $124,000. 73.23% of the stock is currently owned by institutional investors.

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

Sherwin-Williams Company (NYSE:SHW) traded down 0.27% during mid-day trading on Friday, hitting $350.55. 870,128 shares of the company’s stock were exchanged. The stock has a market cap of $32.44 billion, a PE ratio of 27.46 and a beta of 1.22. The stock’s 50 day moving average price is $338.65 and its 200-day moving average price is $307.88. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $354.64.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.20. Sherwin-Williams Company (The) had a net margin of 10.02% and a return on equity of 71.96%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the business earned $1.81 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts expect that Sherwin-Williams Company will post $14.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 19th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, May 17th. Sherwin-Williams Company (The)’s payout ratio is 26.67%.

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A number of equities analysts have issued reports on the company. Zacks Investment Research cut Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a report on Monday, February 20th. Royal Bank of Canada reiterated a “buy” rating and set a $350.00 target price on shares of Sherwin-Williams Company (The) in a report on Tuesday, March 28th. Barclays PLC raised their price objective on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a report on Monday, April 24th. Goldman Sachs Group, Inc. (The) began coverage on Sherwin-Williams Company (The) in a report on Thursday, June 8th. They issued a “buy” rating and a $403.00 price objective for the company. Finally, Credit Suisse Group set a $344.00 price objective on Sherwin-Williams Company (The) and gave the company a “buy” rating in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $350.38.

In other Sherwin-Williams Company (The) news, SVP Catherine M. Kilbane sold 22,635 shares of the stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $324.47, for a total transaction of $7,344,378.45. Following the completion of the sale, the senior vice president now directly owns 16,635 shares of the company’s stock, valued at $5,397,558.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Thomas P. Gilligan sold 6,350 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $338.70, for a total transaction of $2,150,745.00. Following the completion of the transaction, the senior vice president now directly owns 7,936 shares of the company’s stock, valued at $2,687,923.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,955 shares of company stock valued at $15,525,668. Insiders own 1.69% of the company’s stock.

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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