Sherwin-Williams Company (The) (SHW) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its holdings in Sherwin-Williams Company (The) (NYSE:SHW) by 26.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 122,466 shares of the specialty chemicals company’s stock after selling 43,500 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.13% of Sherwin-Williams Company (The) worth $43,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. BlackRock Inc. raised its position in shares of Sherwin-Williams Company (The) by 3.9% in the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after acquiring an additional 204,766 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Sherwin-Williams Company (The) by 6.1% in the 2nd quarter. Principal Financial Group Inc. now owns 809,752 shares of the specialty chemicals company’s stock worth $284,191,000 after acquiring an additional 46,800 shares in the last quarter. Andra AP fonden raised its position in shares of Sherwin-Williams Company (The) by 13.6% in the 2nd quarter. Andra AP fonden now owns 14,200 shares of the specialty chemicals company’s stock worth $4,984,000 after acquiring an additional 1,700 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Sherwin-Williams Company (The) by 7.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after acquiring an additional 29 shares in the last quarter. Finally, Capital Analysts LLC raised its position in shares of Sherwin-Williams Company (The) by 7.4% in the 2nd quarter. Capital Analysts LLC now owns 2,823 shares of the specialty chemicals company’s stock worth $991,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 73.88% of the company’s stock.

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Sherwin-Williams Company (NYSE:SHW) opened at $397.11 on Friday. The stock has a market cap of $37,135.34, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68.

Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.70 by $0.05. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. Sherwin-Williams Company (The)’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.23 earnings per share. analysts expect that Sherwin-Williams Company will post 15.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.86%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 29.90%.

Several brokerages have recently issued reports on SHW. Citigroup Inc. increased their target price on Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. UBS AG increased their target price on Sherwin-Williams Company (The) from $375.00 to $395.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Wells Fargo & Company reissued a “market perform” rating and issued a $400.00 target price (up previously from $360.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, October 25th. Zelman & Associates raised Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Longbow Research reaffirmed a “buy” rating and set a $440.00 price objective (up previously from $400.00) on shares of Sherwin-Williams Company (The) in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $395.62.

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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