New York State Common Retirement Fund boosted its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 247,942 shares of the specialty chemicals company’s stock after acquiring an additional 4,730 shares during the period. New York State Common Retirement Fund owned 0.27% of Sherwin-Williams Company (The) worth $87,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SHW. American Beacon Advisors Inc. purchased a new position in Sherwin-Williams Company (The) during the first quarter valued at $106,000. Peddock Capital Advisors LLC purchased a new position in Sherwin-Williams Company (The) during the second quarter valued at $123,000. Parallel Advisors LLC grew its stake in Sherwin-Williams Company (The) by 2.6% during the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after acquiring an additional 11 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Sherwin-Williams Company (The) by 7.3% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after acquiring an additional 29 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Sherwin-Williams Company (The) by 23.3% during the first quarter. SRS Capital Advisors Inc. now owns 540 shares of the specialty chemicals company’s stock valued at $167,000 after acquiring an additional 102 shares in the last quarter. 73.82% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. UBS AG reaffirmed a “neutral” rating and set a $341.00 target price (up from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. Credit Suisse Group raised shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price for the company in a research note on Sunday, July 23rd. Citigroup Inc. reaffirmed a “buy” rating and set a $410.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. BidaskClub cut shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They set a “buy” rating and a $403.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $363.93.

Sherwin-Williams Company (NYSE SHW) traded up 1.10% during midday trading on Tuesday, hitting $343.42. 98,150 shares of the stock traded hands. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $362.57. The firm has a market cap of $31.88 billion, a PE ratio of 28.31 and a beta of 1.22. The stock has a 50-day moving average of $337.86 and a 200 day moving average of $334.61.

Sherwin-Williams Company (The) (NYSE:SHW) last released 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 business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the company earned $4.06 EPS. Sherwin-Williams Company (The)’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts forecast that Sherwin-Williams Company will post $14.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

TRADEMARK VIOLATION NOTICE: “Sherwin-Williams Company (The) (SHW) Shares Bought by New York State Common Retirement Fund” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/19/sherwin-williams-company-the-shw-shares-bought-by-new-york-state-common-retirement-fund.html.

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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Company (The) (NYSE:SHW).

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

Receive News & Stock Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related stocks with our FREE daily email newsletter.