Westwood Holdings Group Inc. Has $105.02 Million Stake in Sherwin-Williams Company (The) (SHW)

Westwood Holdings Group Inc. decreased its holdings in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 299,368 shares of the specialty chemicals company’s stock after selling 33,653 shares during the quarter. Sherwin-Williams Company (The) makes up about 0.9% of Westwood Holdings Group Inc.’s holdings, making the stock its 28th biggest position. Westwood Holdings Group Inc. owned approximately 0.32% of Sherwin-Williams Company (The) worth $105,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SHW. Oxford Asset Management acquired a new position in shares of Sherwin-Williams Company (The) during the 1st quarter worth $250,000. Bank of Hawaii increased its stake in shares of Sherwin-Williams Company (The) by 6.9% during the 1st quarter. Bank of Hawaii now owns 4,627 shares of the specialty chemicals company’s stock worth $1,435,000 after purchasing an additional 299 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Sherwin-Williams Company (The) by 0.4% during the 1st quarter. Arizona State Retirement System now owns 22,557 shares of the specialty chemicals company’s stock worth $6,997,000 after purchasing an additional 100 shares during the last quarter. American International Group Inc. increased its stake in shares of Sherwin-Williams Company (The) by 0.4% during the 1st quarter. American International Group Inc. now owns 25,709 shares of the specialty chemicals company’s stock worth $7,975,000 after purchasing an additional 111 shares during the last quarter. Finally, Cibc World Markets Corp increased its stake in shares of Sherwin-Williams Company (The) by 52.3% during the 1st quarter. Cibc World Markets Corp now owns 8,471 shares of the specialty chemicals company’s stock worth $2,628,000 after purchasing an additional 2,908 shares during the last quarter. Institutional investors own 73.82% of the company’s stock.

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Several brokerages have recently commented on SHW. 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 note on Sunday, July 23rd. Citigroup Inc. restated a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Northcoast Research restated a “buy” rating and set a $435.00 price target (up previously from $375.00) on shares of Sherwin-Williams Company (The) in a research note on Friday, October 6th. Finally, Vertical Research restated a “hold” rating and set a $335.00 price target (up previously from $316.00) on shares of Sherwin-Williams Company (The) in a research note on Monday, June 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $392.49.

Shares of Sherwin-Williams Company (NYSE SHW) traded up 0.05% during mid-day trading on Wednesday, reaching $381.65. 152,762 shares of the company’s stock were exchanged. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $383.64. The stock’s 50-day moving average is $350.84 and its 200-day moving average is $340.51. The stock has a market cap of $35.65 billion, a price-to-earnings ratio of 141.88 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 Zacks’ consensus estimate 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%. Sherwin-Williams Company (The)’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.06 earnings per share. On average, equities analysts expect that Sherwin-Williams Company will post $14.75 EPS for the current year.

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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