Delta Lloyd Asset Management N.V. bought a new position in Sherwin-Williams Company (The) (NYSE:SHW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,643 shares of the specialty chemicals company’s stock, valued at approximately $9,702,000.

A number of other hedge funds have also recently bought and sold shares of SHW. State of Alaska Department of Revenue purchased a new stake in Sherwin-Williams Company (The) during the first quarter worth approximately $139,000. Wesbanco Bank Inc. purchased a new stake in Sherwin-Williams Company (The) during the first quarter worth approximately $212,000. Wetherby Asset Management Inc. increased its stake in Sherwin-Williams Company (The) by 15.7% in the first quarter. Wetherby Asset Management Inc. now owns 1,351 shares of the specialty chemicals company’s stock worth $419,000 after buying an additional 183 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Sherwin-Williams Company (The) by 13.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,668 shares of the specialty chemicals company’s stock worth $2,068,000 after buying an additional 777 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Sherwin-Williams Company (The) by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 20,167 shares of the specialty chemicals company’s stock worth $6,256,000 after buying an additional 70 shares during the last quarter. Institutional investors own 73.89% of the company’s stock.

Sherwin-Williams Company (SHW) opened at 339.27 on Friday. The firm has a market capitalization of $31.50 billion, a price-to-earnings ratio of 27.97 and a beta of 1.23. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The company has a 50-day moving average price of $340.88 and a 200 day moving average price of $331.68.

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 the consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the business earned $4.06 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Sherwin-Williams Company will post $14.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio is currently 28.05%.

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SHW has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $375.00 target price (up from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Zacks Investment Research downgraded Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Jefferies Group LLC initiated coverage on Sherwin-Williams Company (The) in a research report on Friday, May 26th. They set a “hold” rating and a $364.00 target price on the stock. UBS AG reiterated a “neutral” rating and set a $341.00 target price (up from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $403.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned 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 an average price target of $360.93.

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

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