Linscomb & Williams Inc. maintained its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,051 shares of the specialty chemicals company’s stock at the close of the second quarter. Linscomb & Williams Inc.’s holdings in Sherwin-Williams Company (The) were worth $2,124,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SHW. BlackRock Inc. increased its position in Sherwin-Williams Company (The) by 1,591.2% in the first quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock worth $1,634,079,000 after purchasing an additional 4,956,505 shares during the last quarter. Janus Henderson Group PLC increased its position in Sherwin-Williams Company (The) by 10,157.5% in the second quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock worth $366,368,000 after purchasing an additional 1,033,725 shares during the last quarter. Jana Partners LLC bought a new stake in Sherwin-Williams Company (The) in the first quarter worth $203,163,000. Renaissance Technologies LLC increased its position in Sherwin-Williams Company (The) by 195.1% in the first quarter. Renaissance Technologies LLC now owns 961,900 shares of the specialty chemicals company’s stock worth $298,372,000 after purchasing an additional 635,900 shares during the last quarter. Finally, FMR LLC increased its position in Sherwin-Williams Company (The) by 18.1% in 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. 73.82% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Company (SHW) traded down 0.35% on Wednesday, reaching $380.15. 129,561 shares of the company’s stock were exchanged. The firm has a market cap of $35.51 billion, a PE ratio of 141.32 and a beta of 1.22. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $383.64. The firm has a 50 day moving average price of $350.84 and a 200 day moving average price of $340.51.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the 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 company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the firm earned $4.06 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Sherwin-Williams Company will post $14.75 earnings per share for the current year.

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SHW has been the topic of several research reports. KeyCorp restated a “buy” rating and issued a $415.00 price target on shares of Sherwin-Williams Company (The) in a research report on Sunday, September 3rd. Robert W. Baird restated a “buy” rating and issued a $375.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, September 1st. Citigroup Inc. restated a “buy” rating and issued a $410.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. Longbow Research upgraded shares of Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Tuesday, June 13th. Finally, Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target on the stock in a research report on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Sherwin-Williams Company (The) currently has an average rating of “Buy” and a consensus price target of $392.49.

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.

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

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