Utah Retirement Systems boosted its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,030 shares of the specialty chemicals company’s stock after buying an additional 200 shares during the period. Utah Retirement Systems’ holdings in Sherwin-Williams Company (The) were worth $5,275,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. American Beacon Advisors Inc. purchased a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at $106,000. Peddock Capital Advisors LLC purchased a new position in shares of Sherwin-Williams Company (The) during the second quarter valued at $123,000. Financial Architects Inc raised its position in shares of Sherwin-Williams Company (The) by 218.4% in the first quarter. Financial Architects Inc now owns 433 shares of the specialty chemicals company’s stock valued at $134,000 after buying an additional 297 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at $139,000. Finally, Parallel Advisors LLC raised its position in shares of Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares during the period. 73.89% of the stock is owned by institutional investors and hedge funds.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 339.16 on Monday. The company has a 50 day moving average price of $342.66 and a 200-day moving average price of $330.76. The stock has a market cap of $31.49 billion, a P/E ratio of 27.96 and a beta of 1.23. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly 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. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.06 earnings per share. On average, equities research analysts predict that Sherwin-Williams Company will post $15.00 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is 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%.

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Several equities analysts have weighed in on the company. UBS AG reissued a “neutral” rating and set a $341.00 price objective (up from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Credit Suisse Group raised Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target for the company in a report on Sunday, July 23rd. Citigroup Inc. reaffirmed a “buy” rating and issued a $410.00 price target on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. BidaskClub lowered Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) started coverage on Sherwin-Williams Company (The) in a report on Thursday, June 8th. They issued a “buy” rating and a $403.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. Sherwin-Williams Company (The) has a consensus rating of “Hold” and a consensus target price of $360.10.

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.

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

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