Sherwin-Williams Company (The) (SHW) Stake Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in Sherwin-Williams Company (The) (NYSE:SHW) by 9.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,262 shares of the specialty chemicals company’s stock after acquiring an additional 202 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sherwin-Williams Company (The) were worth $792,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alps Advisors Inc. increased its holdings in shares of Sherwin-Williams Company (The) by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock valued at $542,000 after acquiring an additional 4 shares during the last quarter. Dynamic Advisors Solutions LLC increased its holdings in shares of Sherwin-Williams Company (The) by 1.2% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock valued at $240,000 after acquiring an additional 8 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Sherwin-Williams Company (The) by 0.5% in the 2nd quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock valued at $599,000 after acquiring an additional 9 shares during the last quarter. Valmark Advisers Inc. increased its holdings in shares of Sherwin-Williams Company (The) by 0.3% in the 2nd quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock valued at $1,288,000 after acquiring an additional 10 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Sherwin-Williams Company (The) by 2.6% in the 1st quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 73.90% of the company’s stock.

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Sherwin-Williams Company (SHW) opened at 350.35 on Wednesday. The stock has a market capitalization of $32.53 billion, a P/E ratio of 28.88 and a beta of 1.22. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $362.57. The firm has a 50 day moving average price of $338.38 and a 200 day moving average price of $333.41.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by ($0.02). The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $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. Stockholders of record on Friday, August 18th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 28.05%.

A number of research firms have recently commented on SHW. Northcoast Research reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Vertical Research reiterated a “hold” rating and issued a $335.00 price objective (up previously from $316.00) on shares of Sherwin-Williams Company (The) in a report on Monday, June 26th. Citigroup Inc. reiterated a “buy” rating and issued a $410.00 price objective on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. UBS AG reiterated a “neutral” rating and issued a $375.00 price objective (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 26th. Finally, Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price objective on the stock in a report on Sunday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $363.15.

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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