Sherwin-Williams Company (The) (SHW) Position Trimmed by CI Global Investments Inc.

CI Global Investments Inc. decreased its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 29.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,100 shares of the specialty chemicals company’s stock after selling 467 shares during the quarter. CI Global Investments Inc.’s holdings in Sherwin-Williams Company (The) were worth $394,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Sherwin-Williams Company (The) by 3.9% during the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after acquiring an additional 204,766 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Sherwin-Williams Company (The) by 6.1% in the second quarter. Principal Financial Group Inc. now owns 809,752 shares of the specialty chemicals company’s stock valued at $284,191,000 after buying an additional 46,800 shares in the last quarter. Andra AP fonden lifted its stake in Sherwin-Williams Company (The) by 13.6% in the second quarter. Andra AP fonden now owns 14,200 shares of the specialty chemicals company’s stock valued at $4,984,000 after buying an additional 1,700 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Sherwin-Williams Company (The) by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after buying an additional 29 shares in the last quarter. Finally, Capital Analysts LLC lifted its stake in Sherwin-Williams Company (The) by 7.4% in the second quarter. Capital Analysts LLC now owns 2,823 shares of the specialty chemicals company’s stock valued at $991,000 after buying an additional 195 shares in the last quarter. 73.17% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have weighed in on SHW. Credit Suisse Group raised 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. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Northcoast Research reaffirmed a “buy” rating and issued 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. Zacks Investment Research lowered shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, J P Morgan Chase & Co began coverage on shares of Sherwin-Williams Company (The) in a research note on Monday, July 24th. They issued a “neutral” rating and a $365.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $398.25.

Shares of Sherwin-Williams Company (SHW) traded down $0.58 on Wednesday, reaching $389.13. 271,300 shares of the company were exchanged, compared to its average volume of 642,350. The firm has a market capitalization of $36,443.31, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 2.17 and a beta of 1.22. Sherwin-Williams Company has a fifty-two week low of $260.00 and a fifty-two week high of $398.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued 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 29.90%.

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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