BB&T Corp reduced its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 4.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,494 shares of the specialty chemicals company’s stock after selling 159 shares during the period. BB&T Corp’s holdings in Sherwin-Williams Company (The) were worth $1,226,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SHW. Quadrature Capital Ltd purchased a new position in Sherwin-Williams Company (The) during the fourth quarter worth about $218,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Sherwin-Williams Company (The) during the fourth quarter worth about $585,000. Hudson Bay Capital Management LP boosted its position in Sherwin-Williams Company (The) by 113.8% in the fourth quarter. Hudson Bay Capital Management LP now owns 6,308 shares of the specialty chemicals company’s stock worth $1,695,000 after buying an additional 3,358 shares during the last quarter. Kentucky Retirement Systems purchased a new position in Sherwin-Williams Company (The) during the fourth quarter worth about $1,576,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Sherwin-Williams Company (The) during the fourth quarter worth about $703,000. Hedge funds and other institutional investors own 72.92% of the company’s stock.

Shares of Sherwin-Williams Company (NYSE:SHW) opened at 335.07 on Monday. The company’s 50-day moving average is $352.80 and its 200 day moving average is $326.37. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The company has a market cap of $31.11 billion, a price-to-earnings ratio of 27.62 and a beta of 1.23.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing analysts’ consensus estimates of $4.54 by $0.02. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the business posted $4.06 EPS. Equities analysts anticipate that Sherwin-Williams Company will post $15.00 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders 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 yield of 1.01%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 28.05%.

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A number of equities analysts have issued reports on SHW shares. Credit Suisse Group set a $344.00 price objective on shares of Sherwin-Williams Company (The) and gave the company a “buy” rating in a research report on Thursday, April 20th. Barclays PLC boosted their price objective on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a research 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 objective on the stock in a research report on Thursday, April 27th. Morgan Stanley restated an “overweight” rating and issued a $375.00 price objective (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC started coverage on shares of Sherwin-Williams Company (The) in a research report on Friday, May 26th. They issued a “hold” rating and a $364.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $360.10.

In other Sherwin-Williams Company (The) news, SVP Thomas P. Gilligan sold 6,350 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 7,936 shares of the company’s stock, valued at approximately $2,687,923.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joel D. Baxter sold 5,470 shares of Sherwin-Williams Company (The) stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $335.50, for a total transaction of $1,835,185.00. Following the completion of the transaction, the insider now directly owns 8,523 shares in the company, valued at approximately $2,859,466.50. The disclosure for this sale can be found here. 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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