Gabelli Funds LLC Raises Position in Sherwin-Williams Company (The) (SHW)

Gabelli Funds LLC increased its position in Sherwin-Williams Company (The) (NYSE:SHW) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,400 shares of the specialty chemicals company’s stock after buying an additional 7,200 shares during the quarter. Gabelli Funds LLC’s holdings in Sherwin-Williams Company (The) were worth $10,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Janus Henderson Group PLC raised its position in shares of Sherwin-Williams Company (The) by 10,157.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock worth $366,368,000 after buying an additional 1,033,725 shares during the period. FMR LLC raised its position in shares of Sherwin-Williams Company (The) by 18.1% in the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after buying an additional 621,190 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Sherwin-Williams Company (The) by 222.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock worth $171,109,000 after buying an additional 336,540 shares during the period. Vanguard Group Inc. raised its position in shares of Sherwin-Williams Company (The) by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock worth $2,313,506,000 after buying an additional 315,903 shares during the period. Finally, Koch Industries Inc. purchased a new position in Sherwin-Williams Company (The) in the second quarter valued at about $235,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have commented on SHW. Robert W. Baird reissued a “buy” rating and issued a $425.00 price objective on shares of Sherwin-Williams Company (The) in a research report on Friday. UBS AG reissued a “neutral” rating and issued a $375.00 price objective (up from $359.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 26th. Credit Suisse Group raised Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price objective on the stock in a research report on Sunday, July 23rd. Northcoast Research reissued a “buy” rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 19th. Finally, Citigroup Inc. raised their price objective on Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $398.25.

Sherwin-Williams Company (SHW) opened at $389.46 on Friday. The company has a market capitalization of $36,192.69, a PE ratio of 27.88, a P/E/G ratio of 2.16 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 quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors 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 dividend on an annualized basis and a yield of 0.87%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) 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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