Kingdon Capital Management L.L.C. trimmed its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 15.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,048 shares of the specialty chemicals company’s stock after selling 9,692 shares during the quarter. Sherwin-Williams Company (The) accounts for 1.3% of Kingdon Capital Management L.L.C.’s portfolio, making the stock its 26th largest position. Kingdon Capital Management L.L.C. owned approximately 0.06% of Sherwin-Williams Company (The) worth $18,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. boosted its position in shares of Sherwin-Williams Company (The) by 0.3% during the second quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock worth $542,000 after purchasing an additional 4 shares in the last quarter. BRYN MAWR TRUST Co boosted its position in shares of Sherwin-Williams Company (The) by 0.7% during the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after purchasing an additional 7 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its position in shares of Sherwin-Williams Company (The) by 1.2% during the second quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock worth $240,000 after purchasing an additional 8 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Sherwin-Williams Company (The) by 0.5% during the second quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock worth $599,000 after purchasing an additional 9 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its position in shares of Sherwin-Williams Company (The) by 0.3% during the second quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock worth $1,288,000 after purchasing an additional 10 shares in the last quarter. 73.83% of the stock is currently owned by institutional investors.

Shares of Sherwin-Williams Company (NYSE SHW) traded up 0.27% during midday trading on Friday, reaching $380.92. 212,914 shares of the company’s stock traded hands. The company has a 50 day moving average of $346.31 and a 200 day moving average of $338.54. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $382.36. The firm has a market cap of $35.36 billion, a PE ratio of 31.40 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the business posted $4.06 earnings per share. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts predict that Sherwin-Williams Company will post $14.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors 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 dividend yield of 0.89%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is currently 28.05%.

A number of equities analysts have recently weighed in on the stock. Northcoast Research reissued a “buy” rating and set a $435.00 price target (up from $375.00) on shares of Sherwin-Williams Company (The) in a research report on Friday. BidaskClub cut shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Morgan Stanley set a $425.00 price target on shares of Sherwin-Williams Company (The) and gave the stock an “overweight” rating in a research report on Wednesday. Credit Suisse Group AG reissued an “outperform” rating and set a $410.00 price target (up from $375.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday. Finally, KeyCorp reissued an “overweight” rating and set a $440.00 price target (up from $415.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Sherwin-Williams Company (The) currently has a consensus rating of “Buy” and a consensus target price of $385.51.

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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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