Gamco Investors INC. ET AL Raises Holdings in Sherwin-Williams Company (The) (SHW)

Gamco Investors INC. ET AL lifted its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 27.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,227 shares of the specialty chemicals company’s stock after acquiring an additional 900 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Sherwin-Williams Company (The) were worth $1,513,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Sherwin-Williams Company (The) by 3.9% in the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after buying an additional 204,766 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Sherwin-Williams Company (The) by 6.1% in the 2nd quarter. Principal Financial Group Inc. now owns 809,752 shares of the specialty chemicals company’s stock worth $284,191,000 after buying an additional 46,800 shares in the last quarter. Andra AP fonden raised its holdings in shares of Sherwin-Williams Company (The) by 13.6% in the 2nd quarter. Andra AP fonden now owns 14,200 shares of the specialty chemicals company’s stock worth $4,984,000 after buying an additional 1,700 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Sherwin-Williams Company (The) by 7.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after buying an additional 29 shares in the last quarter. Finally, Capital Analysts LLC raised its holdings in shares of Sherwin-Williams Company (The) by 7.4% in the 2nd quarter. Capital Analysts LLC now owns 2,823 shares of the specialty chemicals company’s stock worth $991,000 after buying an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 73.17% of the company’s stock.

A number of brokerages have recently issued reports on SHW. Robert W. Baird reissued a “buy” rating and issued a $425.00 target price on shares of Sherwin-Williams Company (The) in a report on Friday. Citigroup Inc. raised their price target on Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. UBS AG raised their price target on Sherwin-Williams Company (The) from $375.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $400.00 price target (up from $360.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, October 25th. Finally, Zelman & Associates raised Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $398.25.

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Shares of Sherwin-Williams Company (NYSE:SHW) opened at $389.71 on Tuesday. The company has a market capitalization of $36,419.93, a price-to-earnings ratio of 28.06, a PEG ratio of 2.17 and a beta of 1.22. Sherwin-Williams Company has a 52 week low of $260.00 and a 52 week high of $398.22. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68.

Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.70 by $0.05. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. The business’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period last year, the firm earned $4.23 EPS. sell-side analysts predict that Sherwin-Williams Company will post 15.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.85 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.87%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 29.90%.

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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