National Pension Service Has $25.46 Million Stake in Sherwin-Williams Company (The) (SHW)

National Pension Service increased its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 10.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,201 shares of the specialty chemicals company’s stock after buying an additional 6,711 shares during the period. National Pension Service owned approximately 0.08% of Sherwin-Williams Company (The) worth $25,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. American Beacon Advisors Inc. bought a new position in Sherwin-Williams Company (The) during the first quarter valued at about $106,000. Barometer Capital Management Inc. bought a new position in Sherwin-Williams Company (The) during the first quarter valued at about $124,000. Financial Architects Inc raised its position in Sherwin-Williams Company (The) by 218.4% in the first quarter. Financial Architects Inc now owns 433 shares of the specialty chemicals company’s stock valued at $134,000 after buying an additional 297 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Sherwin-Williams Company (The) during the first quarter valued at about $139,000. Finally, Parallel Advisors LLC raised its position in Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 72.92% of the company’s stock.

Shares of Sherwin-Williams Company (SHW) traded down 0.20% during trading on Monday, reaching $334.39. The company’s stock had a trading volume of 452,491 shares. The firm has a market cap of $31.05 billion, a PE ratio of 27.57 and a beta of 1.23. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57. The company’s 50 day moving average price is $352.80 and its 200 day moving average price is $326.37.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the company earned $4.06 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts predict that Sherwin-Williams Company will post $15.00 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, August 16th. This represents a $3.40 annualized dividend and a dividend yield of 1.02%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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Several research analysts have issued reports on SHW shares. Credit Suisse Group set a $344.00 price objective on Sherwin-Williams Company (The) and gave the stock a “buy” rating in a research note on Thursday, April 20th. Citigroup Inc. reiterated a “buy” rating and set a $410.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. Longbow Research upgraded Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They set a “buy” rating and a $403.00 price objective for the company. Finally, 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 note on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $360.10.

In related news, SVP Thomas P. Gilligan sold 6,350 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $338.70, for a total transaction of $2,150,745.00. Following the sale, the senior vice president now owns 7,936 shares in the company, valued at approximately $2,687,923.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joel D. Baxter sold 5,470 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $335.50, for a total value of $1,835,185.00. Following the sale, the insider now owns 8,523 shares in the company, valued at approximately $2,859,466.50. The disclosure for this sale can be found here. 1.69% of the stock is owned by corporate insiders.

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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