TIAA CREF Investment Management LLC raised its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 17.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 744,680 shares of the specialty chemicals company’s stock after buying an additional 108,729 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.80% of Sherwin-Williams Company (The) worth $261,353,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new stake in Sherwin-Williams Company (The) in the 1st quarter valued at $106,000. Peddock Capital Advisors LLC purchased a new stake in Sherwin-Williams Company (The) in the 2nd quarter valued at $123,000. Parallel Advisors LLC grew its holdings in Sherwin-Williams Company (The) by 2.6% in the 1st 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 in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Sherwin-Williams Company (The) by 7.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after buying an additional 29 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in Sherwin-Williams Company (The) by 23.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 540 shares of the specialty chemicals company’s stock valued at $167,000 after buying an additional 102 shares in the last quarter. Institutional investors own 73.90% of the company’s stock.

Sherwin-Williams Company (NYSE SHW) traded down 0.752% during trading on Wednesday, reaching $347.715. The company had a trading volume of 58,462 shares. The firm’s 50 day moving average is $338.38 and its 200-day moving average is $333.41. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57. The company has a market capitalization of $32.28 billion, a P/E ratio of 28.666 and a beta of 1.22.

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 (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the firm posted $4.06 EPS. Sherwin-Williams Company (The)’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts expect that Sherwin-Williams Company will post $14.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 28.05%.

Several analysts have issued reports on SHW shares. Morgan Stanley restated an “overweight” rating and issued a $375.00 target price (up from $335.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, May 17th. KeyCorp restated a “buy” rating and issued a $415.00 target price on shares of Sherwin-Williams Company (The) in a report on Sunday, September 3rd. Jefferies Group LLC started coverage on Sherwin-Williams Company (The) in a report on Friday, May 26th. They issued a “hold” rating and a $364.00 target price for the company. Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a report on Tuesday, May 23rd. Finally, Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price for the company in a report on Sunday, July 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $363.15.

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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.

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

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