Commonwealth Bank of Australia Has $2.26 Million Stake in Sherwin-Williams Company (The) (SHW)

Commonwealth Bank of Australia lessened its position in Sherwin-Williams Company (The) (NYSE:SHW) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,450 shares of the specialty chemicals company’s stock after selling 485 shares during the period. Commonwealth Bank of Australia’s holdings in Sherwin-Williams Company (The) were worth $2,262,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Sherwin-Williams Company (The) by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 6,276,033 shares of the specialty chemicals company’s stock worth $1,946,763,000 after buying an additional 365,675 shares during the period. BlackRock Inc. boosted its holdings in shares of Sherwin-Williams Company (The) by 1,591.2% during the 1st quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock worth $1,634,079,000 after buying an additional 4,956,505 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Sherwin-Williams Company (The) by 3.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock worth $1,322,887,000 after buying an additional 136,991 shares during the period. State Street Corp boosted its holdings in shares of Sherwin-Williams Company (The) by 1.0% during the 1st quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock worth $1,188,731,000 after buying an additional 39,010 shares during the period. Finally, FMR LLC boosted its holdings in shares of Sherwin-Williams Company (The) by 10.9% during the 1st quarter. FMR LLC now owns 3,433,712 shares of the specialty chemicals company’s stock worth $1,065,103,000 after buying an additional 338,320 shares during the period. 73.90% of the stock is owned by institutional investors and hedge funds.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 347.52 on Tuesday. The company has a market capitalization of $32.26 billion, a price-to-earnings ratio of 28.65 and a beta of 1.22. The company’s 50 day moving average is $338.11 and its 200 day moving average is $333.31. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing analysts’ consensus estimates of $4.54 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.06 earnings per share. Equities research analysts predict that Sherwin-Williams Company will post $14.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio is currently 28.05%.

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Several analysts recently commented on the stock. UBS AG reaffirmed a “neutral” rating and set a $341.00 target price (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Credit Suisse Group raised shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price for the company in a report on Sunday, July 23rd. Citigroup Inc. reaffirmed a “buy” rating and set a $410.00 target price on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Sherwin-Williams Company (The) in a report on Thursday, June 8th. They set a “buy” rating and a $403.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $363.15.

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.

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Institutional Ownership by Quarter for Sherwin-Williams Company (The) (NYSE:SHW)

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