Quantitative Systematic Strategies LLC Has $2.34 Million Stake in Sherwin-Williams Company (The) (NYSE:SHW)

Quantitative Systematic Strategies LLC reduced its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,638 shares of the specialty chemicals company’s stock after selling 270 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Sherwin-Williams Company (The) were worth $2,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. Thrivent Financial for Lutherans boosted its position in Sherwin-Williams Company (The) by 7.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,830 shares of the specialty chemicals company’s stock valued at $761,000 after buying an additional 200 shares during the last quarter. Alpha Cubed Investments LLC boosted its position in shares of Sherwin-Williams Company (The) by 18.2% in the first quarter. Alpha Cubed Investments LLC now owns 2,569 shares of the specialty chemicals company’s stock worth $797,000 after buying an additional 395 shares in the last quarter. Fairfax Financial Holdings Ltd Can purchased a new position in shares of Sherwin-Williams Company (The) during the first quarter worth $212,000. Rockland Trust Co. boosted its position in shares of Sherwin-Williams Company (The) by 1.6% in the first quarter. Rockland Trust Co. now owns 31,600 shares of the specialty chemicals company’s stock worth $9,802,000 after buying an additional 493 shares in the last quarter. Finally, WealthTrust Fairport LLC boosted its position in shares of Sherwin-Williams Company (The) by 0.7% in the first quarter. WealthTrust Fairport LLC now owns 18,341 shares of the specialty chemicals company’s stock worth $5,689,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 72.92% of the company’s stock.

Shares of Sherwin-Williams Company (NYSE SHW) traded down 0.05% on Friday, reaching $331.88. The company’s stock had a trading volume of 509,013 shares. The stock has a 50-day moving average of $348.21 and a 200 day moving average of $328.31. The stock has a market capitalization of $30.81 billion, a price-to-earnings ratio of 27.36 and a beta of 1.23. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $362.57.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings data 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 company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s revenue for the quarter 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. On average, analysts expect that Sherwin-Williams Company will post $15.00 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a yield of 1.02%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.

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A number of analysts recently commented on SHW shares. Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Thursday, April 27th. Morgan Stanley reiterated an “overweight” rating and set a $375.00 price objective (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Barclays PLC lifted their price objective on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Monday, April 24th. Jefferies Group LLC began coverage on Sherwin-Williams Company (The) in a research note on Friday, May 26th. They issued a “hold” rating and a $364.00 price target on the stock. Finally, Northcoast Research reissued a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Sherwin-Williams Company (The) has an average rating of “Hold” and an average price target of $360.10.

In other Sherwin-Williams Company (The) news, insider Joel D. Baxter sold 5,470 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $335.50, for a total transaction of $1,835,185.00. Following the sale, the insider now owns 8,523 shares of the company’s stock, valued at $2,859,466.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.69% of the company’s stock.

About Sherwin-Williams Company (The)

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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