B. Metzler seel. Sohn & Co. AG raised its position in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 5.8% in the second quarter, HoldingsChannel.com reports. The firm owned 38,466 shares of the specialty chemicals company’s stock after buying an additional 2,117 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Sherwin-Williams were worth $8,613,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Sherwin-Williams by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,675,058 shares of the specialty chemicals company’s stock worth $5,160,908,000 after acquiring an additional 61,660 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Sherwin-Williams by 0.9% during the 1st quarter. BlackRock Inc. now owns 17,303,618 shares of the specialty chemicals company’s stock worth $4,319,329,000 after acquiring an additional 149,496 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Sherwin-Williams by 6.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,651,975 shares of the specialty chemicals company’s stock worth $2,159,706,000 after acquiring an additional 502,212 shares in the last quarter. Capital International Investors boosted its stake in shares of Sherwin-Williams by 42.2% during the 1st quarter. Capital International Investors now owns 4,798,484 shares of the specialty chemicals company’s stock worth $1,197,906,000 after acquiring an additional 1,422,893 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Sherwin-Williams by 3.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,160,008 shares of the specialty chemicals company’s stock worth $707,559,000 after acquiring an additional 108,080 shares in the last quarter. 77.48% of the stock is owned by institutional investors.
Analysts Set New Price Targets
SHW has been the subject of several research reports. Citigroup reduced their price objective on Sherwin-Williams from $248.00 to $215.00 in a research note on Tuesday, October 4th. Bank of America reduced their target price on Sherwin-Williams from $280.00 to $257.00 in a report on Tuesday, October 11th. Robert W. Baird reduced their target price on Sherwin-Williams from $325.00 to $275.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. Finally, The Goldman Sachs Group initiated coverage on Sherwin-Williams in a report on Thursday, October 13th. They issued a “buy” rating and a $280.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $275.22.
Sherwin-Williams Stock Up 2.7 %
Sherwin-Williams (NYSE:SHW – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The specialty chemicals company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.20. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.78 billion. Sherwin-Williams had a return on equity of 90.50% and a net margin of 8.94%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted $2.09 earnings per share. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 8.71 EPS for the current year.
Sherwin-Williams Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 17th. Sherwin-Williams’s dividend payout ratio is currently 32.48%.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
- Get a free copy of the StockNews.com research report on Sherwin-Williams (SHW)
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