Commerzbank Aktiengesellschaft FI decreased its holdings in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 42.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 827 shares of the specialty chemicals company’s stock after selling 622 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Sherwin-Williams Company (The) were worth $290,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its stake in Sherwin-Williams Company (The) by 9.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,262 shares of the specialty chemicals company’s stock valued at $792,000 after purchasing an additional 202 shares during the period. Cipher Capital LP bought a new stake in Sherwin-Williams Company (The) during the 2nd quarter valued at approximately $251,000. Sequoia Financial Advisors LLC boosted its stake in Sherwin-Williams Company (The) by 0.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,032 shares of the specialty chemicals company’s stock valued at $1,064,000 after purchasing an additional 28 shares during the period. Delta Lloyd Asset Management N.V. bought a new stake in Sherwin-Williams Company (The) during the 2nd quarter valued at approximately $9,702,000. Finally, Swiss National Bank boosted its stake in Sherwin-Williams Company (The) by 9.6% during the 2nd quarter. Swiss National Bank now owns 306,761 shares of the specialty chemicals company’s stock valued at $107,661,000 after purchasing an additional 26,900 shares during the period. Hedge funds and other institutional investors own 73.90% of the company’s stock.

Several equities analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, May 17th. Jefferies Group LLC assumed coverage on Sherwin-Williams Company (The) in a report on Friday, May 26th. They issued a “hold” rating and a $364.00 price target for the company. Zacks Investment Research raised 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 Tuesday, May 23rd. 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. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $363.15.

Sherwin-Williams Company (SHW) opened at 347.52 on Tuesday. The firm has a market capitalization of $32.26 billion, a PE ratio of 28.65 and a beta of 1.22. The stock has a 50 day moving average price of $338.11 and a 200-day moving average price of $333.31. 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 released 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. 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 previous year, the firm posted $4.06 earnings per share. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Sherwin-Williams Company will post $14.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.98%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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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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