Frontier Investment Mgmt Co. grew its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,981 shares of the specialty chemicals company’s stock after purchasing an additional 193 shares during the period. Frontier Investment Mgmt Co.’s holdings in Sherwin-Williams Company (The) were worth $3,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SHW. Laurion Capital Management LP acquired a new stake in Sherwin-Williams Company (The) in the 1st quarter worth $248,000. SRS Capital Advisors Inc. grew its position in Sherwin-Williams Company (The) by 23.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 540 shares of the specialty chemicals company’s stock worth $167,000 after purchasing an additional 102 shares during the last quarter. Legal & General Group Plc grew its position in Sherwin-Williams Company (The) by 8.9% in the 1st quarter. Legal & General Group Plc now owns 375,981 shares of the specialty chemicals company’s stock worth $116,626,000 after purchasing an additional 30,848 shares during the last quarter. Utah Retirement Systems grew its position in Sherwin-Williams Company (The) by 0.7% in the 1st quarter. Utah Retirement Systems now owns 14,830 shares of the specialty chemicals company’s stock worth $4,600,000 after purchasing an additional 100 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in Sherwin-Williams Company (The) by 20.8% in the 1st quarter. Cornerstone Wealth Management LLC now owns 1,426 shares of the specialty chemicals company’s stock worth $442,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

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Several analysts have issued reports on the stock. Longbow Research restated a “buy” rating and issued a $440.00 price target (up from $400.00) on shares of Sherwin-Williams Company (The) in a research report on Monday, October 9th. Zelman & Associates upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday. Northcoast Research restated a “buy” rating and issued a $435.00 price target (up from $375.00) on shares of Sherwin-Williams Company (The) in a research report on Friday, October 6th. 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, October 4th. Finally, Royal Bank Of Canada raised their price target on shares of Sherwin-Williams Company (The) from $390.00 to $423.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $392.49.

Shares of Sherwin-Williams Company (NYSE:SHW) traded up 0.55% during trading on Friday, reaching $389.70. 529,215 shares of the company traded hands. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $390.60. The company has a 50-day moving average of $361.75 and a 200-day moving average of $344.37. The stock has a market capitalization of $36.18 billion, a PE ratio of 32.13 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by ($0.02). The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.06 earnings per share. Analysts forecast that Sherwin-Williams Company will post $14.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a yield of 0.87%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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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