Clinton Group Inc. raised its position in Sherwin-Williams Company (The) (NYSE:SHW) by 100.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,235 shares of the specialty chemicals company’s stock after buying an additional 7,131 shares during the period. Clinton Group Inc.’s holdings in Sherwin-Williams Company (The) were worth $4,996,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Sherwin-Williams Company (The) by 5.0% during the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock worth $2,313,506,000 after purchasing an additional 315,903 shares during the last quarter. BlackRock Inc. lifted its position in shares of Sherwin-Williams Company (The) by 3.9% during the second quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after purchasing an additional 204,766 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Sherwin-Williams Company (The) by 3.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock worth $1,322,887,000 after purchasing an additional 136,991 shares during the last quarter. FMR LLC lifted its position in shares of Sherwin-Williams Company (The) by 18.1% during the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after purchasing an additional 621,190 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Sherwin-Williams Company (The) by 1.0% during the first quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock worth $1,188,731,000 after purchasing an additional 39,010 shares during the last quarter. 73.83% of the stock is owned by institutional investors.

Shares of Sherwin-Williams Company (SHW) traded up 0.28% during midday trading on Friday, hitting $358.04. 783,267 shares of the company’s stock traded hands. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $363.98. The company has a 50 day moving average price of $338.02 and a 200 day moving average price of $334.83. The firm has a market capitalization of $33.24 billion, a price-to-earnings ratio of 29.52 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the 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 business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the firm posted $4.06 earnings per share. Sherwin-Williams Company (The)’s revenue was up 16.0% on a year-over-year basis. Equities analysts anticipate that Sherwin-Williams Company will post $14.96 earnings per share 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 given a dividend of $0.85 per share. The ex-dividend date was Wednesday, August 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.

SHW has been the topic of several research analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $375.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, September 1st. Citigroup Inc. reaffirmed a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, September 20th. BidaskClub cut shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $403.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $364.46.

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Sherwin-Williams Company (The) 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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