Voya Investment Management LLC boosted its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 16.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,180 shares of the specialty chemicals company’s stock after buying an additional 5,107 shares during the quarter. Voya Investment Management LLC’s holdings in Sherwin-Williams Company (The) were worth $12,698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Sherwin-Williams Company (The) by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after buying an additional 315,903 shares during the last quarter. BlackRock Inc. raised its holdings in Sherwin-Williams Company (The) by 3.9% during the 2nd 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 last quarter. Massachusetts Financial Services Co. MA raised its holdings in Sherwin-Williams Company (The) by 3.3% during the 1st 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 last quarter. FMR LLC raised its holdings in Sherwin-Williams Company (The) by 18.1% during the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after buying an additional 621,190 shares during the last quarter. Finally, State Street Corp raised its holdings in Sherwin-Williams Company (The) by 1.0% during the 1st 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 last quarter. Institutional investors own 73.83% of the company’s stock.

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A number of research firms recently commented on SHW. Bank of America Corporation upgraded shares of Sherwin-Williams Company (The) from an “underperform” rating to a “buy” rating and upped their price target for the company from $325.00 to $435.00 in a report on Thursday. UBS AG reiterated a “neutral” rating and set a $375.00 price target (up from $359.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 26th. Credit Suisse Group AG reiterated an “outperform” rating and set a $410.00 price target (up from $375.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday. Northcoast Research reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Finally, BidaskClub lowered shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $382.76.

Sherwin-Williams Company (SHW) opened at 379.90 on Friday. The company has a market capitalization of $35.27 billion, a price-to-earnings ratio of 31.32 and a beta of 1.22. The firm has a 50-day moving average of $346.31 and a 200 day moving average of $338.54. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $381.00.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.54 by ($0.02). The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.06 earnings per share. Equities research analysts predict that Sherwin-Williams Company will post $14.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio is currently 28.05%.

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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