Sherwin-Williams Company (The) (SHW) Position Lifted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its stake in Sherwin-Williams Company (The) (NYSE:SHW) by 29.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,836 shares of the specialty chemicals company’s stock after purchasing an additional 5,388 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Sherwin-Williams Company (The) were worth $8,369,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in Sherwin-Williams Company (The) in the second quarter valued at about $100,000. American Beacon Advisors Inc. bought a new position in Sherwin-Williams Company (The) in the first quarter valued at about $106,000. Peddock Capital Advisors LLC bought a new position in Sherwin-Williams Company (The) in the second quarter valued at about $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Sherwin-Williams Company (The) by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after acquiring an additional 29 shares during the last quarter. Finally, Parallel Advisors LLC grew 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 acquiring an additional 11 shares during the last quarter. Institutional investors own 73.82% of the company’s stock.

Several analysts have recently weighed in on SHW shares. Royal Bank Of Canada restated a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, September 20th. KeyCorp reaffirmed a “buy” rating and issued a $415.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Sunday, September 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $375.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. Citigroup Inc. reaffirmed a “buy” rating and issued a $410.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. Finally, 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 note on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $392.49.

Shares of Sherwin-Williams Company (SHW) traded up 0.24% during trading on Thursday, reaching $383.96. The company’s stock had a trading volume of 49,391 shares. The stock has a market cap of $35.65 billion, a price-to-earnings ratio of 31.65 and a beta of 1.22. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $384.04. The stock’s 50 day moving average price is $352.10 and its 200-day moving average price is $340.82.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the consensus estimate of $4.54 by ($0.02). Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the business posted $4.06 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Sherwin-Williams Company will post $14.74 EPS for the current year.

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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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