Flagship Harbor Advisors LLC lowered its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 12.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 718 shares of the specialty chemicals company’s stock after selling 99 shares during the period. Flagship Harbor Advisors LLC’s holdings in Sherwin-Williams Company (The) were worth $220,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Rathbone Brothers plc bought a new stake in shares of Sherwin-Williams Company (The) during the first quarter worth $21,775,000. Chevy Chase Trust Holdings Inc. raised its stake in Sherwin-Williams Company (The) by 3.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 70,180 shares of the specialty chemicals company’s stock valued at $21,769,000 after buying an additional 2,583 shares in the last quarter. Toth Financial Advisory Corp raised its stake in Sherwin-Williams Company (The) by 5.9% in the first quarter. Toth Financial Advisory Corp now owns 7,425 shares of the specialty chemicals company’s stock valued at $2,303,000 after buying an additional 411 shares in the last quarter. Macquarie Group Ltd. raised its stake in Sherwin-Williams Company (The) by 97.7% in the fourth quarter. Macquarie Group Ltd. now owns 27,861 shares of the specialty chemicals company’s stock valued at $7,487,000 after buying an additional 13,767 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Sherwin-Williams Company (The) during the fourth quarter valued at approximately $703,000. Institutional investors own 72.86% of the company’s stock.

Sherwin-Williams Company (SHW) traded down 0.90% during trading on Thursday, hitting $334.03. 735,695 shares of the company traded hands. The company’s 50-day moving average is $352.80 and its 200 day moving average is $326.37. The firm has a market cap of $31.20 billion, a price-to-earnings ratio of 124.17 and a beta of 1.23. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $362.57.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by $0.02. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $4.06 earnings per share. On average, equities analysts anticipate that Sherwin-Williams Company will post $15.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 28.05%.

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Several equities research analysts have recently commented on SHW shares. Credit Suisse Group set a $344.00 price target on shares of Sherwin-Williams Company (The) and gave the company a “buy” rating in a report on Thursday, April 20th. Barclays PLC boosted their price target on shares of 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. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Thursday, April 27th. Morgan Stanley reiterated an “overweight” rating and set a $375.00 price objective (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, May 17th. Finally, Jefferies Group LLC started coverage on shares of Sherwin-Williams Company (The) in a research note on Friday, May 26th. They set a “hold” rating and a $364.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Sherwin-Williams Company (The) currently has an average rating of “Hold” and a consensus price target of $360.10.

In related news, SVP Thomas P. Gilligan sold 6,350 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $338.70, for a total value of $2,150,745.00. Following the transaction, the senior vice president now directly owns 7,936 shares of the company’s stock, valued at approximately $2,687,923.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joel D. Baxter sold 5,470 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $335.50, for a total value of $1,835,185.00. Following the completion of the transaction, the insider now directly owns 8,523 shares in the company, valued at $2,859,466.50. The disclosure for this sale can be found here. Insiders have sold a total of 13,820 shares of company stock valued at $4,663,790 over the last ninety days. Company insiders own 1.69% of the company’s stock.

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.

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

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