Sherwin-Williams Company (The) (NYSE:SHW) Stake Increased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC raised its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,630 shares of the specialty chemicals company’s stock after buying an additional 61 shares during the period. Alpha Cubed Investments LLC’s holdings in Sherwin-Williams Company (The) were worth $923,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SHW. Vanguard Group Inc. boosted its position in shares of Sherwin-Williams Company (The) by 6.2% in the first 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 in the last quarter. BlackRock Inc. boosted its position in shares of Sherwin-Williams Company (The) by 1,591.2% in the first 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Sherwin-Williams Company (The) by 3.3% in the first 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 in the last quarter. State Street Corp boosted its position in shares of Sherwin-Williams Company (The) by 1.0% in the first 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 in the last quarter. Finally, FMR LLC boosted its position in shares of Sherwin-Williams Company (The) by 10.9% in the first 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 in the last quarter. 72.69% of the stock is owned by institutional investors.

Sherwin-Williams Company (SHW) opened at 328.97 on Friday. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $362.57. The firm has a market capitalization of $30.54 billion, a price-to-earnings ratio of 27.12 and a beta of 1.23. The company’s 50-day moving average price is $344.62 and its 200 day moving average price is $329.62.

Sherwin-Williams Company (The) (NYSE:SHW) last announced 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 for 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%. Sherwin-Williams Company (The)’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $4.06 EPS. Equities research analysts predict that Sherwin-Williams Company will post $15.00 earnings per share for the current year.

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

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A number of analysts recently commented on SHW shares. 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. 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. Jefferies Group LLC started coverage on Sherwin-Williams Company (The) in a research report on Friday, May 26th. They set a “hold” rating and a $364.00 price objective for the company. Finally, UBS AG reiterated a “neutral” rating and set a $341.00 price objective (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. Two 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price of $360.10.

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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