Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,208 shares of the specialty chemicals company’s stock after selling 3,349 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sherwin-Williams Company (The) were worth $7,092,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at about $139,000. Wesbanco Bank Inc. purchased a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at about $212,000. Wetherby Asset Management Inc. increased its position in shares of 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 valued at $419,000 after buying an additional 183 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of 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 valued at $2,068,000 after buying an additional 777 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of 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 valued at $6,256,000 after buying an additional 70 shares during the last quarter. 73.89% of the stock is currently owned by institutional investors.

Sherwin-Williams Company (NYSE:SHW) opened at 339.27 on Friday. The firm’s 50-day moving average is $340.88 and its 200 day moving average is $331.68. 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 one year low of $239.48 and a one year high of $362.57.

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

The business 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 dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.

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Several brokerages recently issued reports on SHW. UBS AG reissued a “neutral” rating and set a $341.00 price objective (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. Robert W. Baird reaffirmed a “buy” rating and set a $375.00 price target on shares of Sherwin-Williams Company (The) in a research note on Friday. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Vertical Research reaffirmed a “hold” rating and set a $335.00 price target (up previously from $316.00) on shares of Sherwin-Williams Company (The) in a research note on Monday, June 26th. Finally, Zacks Investment Research downgraded shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $360.93.

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

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