Laffer Investments held its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,876 shares of the specialty chemicals company’s stock at the close of the 2nd quarter. Laffer Investments’ holdings in Sherwin-Williams Company (The) were worth $2,413,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams Company (The) by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,276,033 shares of the specialty chemicals company’s stock valued at $1,946,763,000 after buying an additional 365,675 shares during the period. BlackRock Inc. lifted its stake in shares of Sherwin-Williams Company (The) by 3.9% in the second quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after buying an additional 204,766 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Sherwin-Williams Company (The) by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock valued at $1,322,887,000 after buying an additional 136,991 shares during the period. State Street Corp lifted its stake in shares of Sherwin-Williams Company (The) by 1.0% in the first quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock valued at $1,188,731,000 after buying an additional 39,010 shares during the period. Finally, FMR LLC lifted its stake in shares of Sherwin-Williams Company (The) by 10.9% in the first quarter. FMR LLC now owns 3,433,712 shares of the specialty chemicals company’s stock valued at $1,065,103,000 after buying an additional 338,320 shares during the period. 73.82% of the stock is currently owned by institutional investors.

Sherwin-Williams Company (NYSE SHW) traded up 0.855% on Tuesday, hitting $342.605. 162,973 shares of the stock were exchanged. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The company has a market capitalization of $31.81 billion, a PE ratio of 28.244 and a beta of 1.22. The company has a 50-day moving average price of $337.86 and a 200 day moving average price of $334.61.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share 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 firm 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 company posted $4.06 EPS. The business’s revenue was up 16.0% on a year-over-year basis. Analysts anticipate that Sherwin-Williams Company will post $14.98 EPS for the current fiscal year.

The company also recently declared 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 dividend payout ratio (DPR) is presently 28.05%.

Several research firms recently weighed in on SHW. UBS AG reiterated a “neutral” rating and issued a $341.00 target price (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. Credit Suisse Group upgraded 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. Northcoast Research reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. 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, Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a research note on Tuesday, May 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. Sherwin-Williams Company (The) currently has a consensus rating of “Hold” and an average target price of $363.93.

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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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