First Quadrant L P CA Continues to Hold Position in Sherwin-Williams Company (The) (SHW)

First Quadrant L P CA held its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 800 shares of the specialty chemicals company’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Sherwin-Williams Company (The) were worth $281,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in Sherwin-Williams Company (The) during the fourth quarter valued at approximately $218,000. Kentucky Retirement Systems bought a new stake in Sherwin-Williams Company (The) during the fourth quarter valued at approximately $1,576,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Sherwin-Williams Company (The) during the fourth quarter valued at approximately $703,000. Macquarie Group Ltd. increased its stake in Sherwin-Williams Company (The) by 97.7% in the fourth quarter. Macquarie Group Ltd. now owns 27,861 shares of the specialty chemicals company’s stock valued at $7,487,000 after buying an additional 13,767 shares during the period. Finally, Toth Financial Advisory Corp increased its stake in Sherwin-Williams Company (The) by 5.9% in the first quarter. Toth Financial Advisory Corp now owns 7,425 shares of the specialty chemicals company’s stock valued at $2,303,000 after buying an additional 411 shares during the period. 72.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 328.97 on Friday. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57. The stock has a market cap of $30.54 billion, a PE ratio of 27.12 and a beta of 1.23. The firm has a 50-day moving average price of $344.62 and a 200-day moving average price of $329.62.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly 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 business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.06 EPS. Equities analysts forecast that Sherwin-Williams Company will post $15.00 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a yield of 1.03%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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Several equities research analysts have commented on SHW shares. Barclays PLC boosted their target price on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an “equal weight” rating in a report on Monday, April 24th. Zacks Investment Research raised Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a report on Thursday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $375.00 price target (up from $335.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, May 17th. Jefferies Group LLC initiated coverage on Sherwin-Williams Company (The) in a report on Friday, May 26th. They set a “hold” rating and a $364.00 price target on the stock. Finally, UBS AG reaffirmed a “neutral” rating and set a $341.00 price target (up from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Sherwin-Williams Company (The) currently has an average rating of “Hold” and an average target price of $360.10.

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.

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

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