Westpac Banking Corp Sells 5,821 Shares of Sherwin-Williams Company (The) (SHW)

Westpac Banking Corp decreased its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 19.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,826 shares of the specialty chemicals company’s stock after selling 5,821 shares during the period. Westpac Banking Corp’s holdings in Sherwin-Williams Company (The) were worth $8,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SHW. State of Alaska Department of Revenue purchased a new stake in Sherwin-Williams Company (The) during the first quarter valued at approximately $139,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in Sherwin-Williams Company (The) by 13.2% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,668 shares of the specialty chemicals company’s stock valued at $2,068,000 after purchasing an additional 777 shares in the last quarter. Linscomb & Williams Inc. increased its stake in Sherwin-Williams Company (The) by 1.5% during the 1st quarter. Linscomb & Williams Inc. now owns 6,051 shares of the specialty chemicals company’s stock valued at $1,877,000 after purchasing an additional 87 shares in the last quarter. Wells Fargo & Company MN increased its stake in Sherwin-Williams Company (The) by 5.0% during the 1st quarter. Wells Fargo & Company MN now owns 672,543 shares of the specialty chemicals company’s stock valued at $208,616,000 after purchasing an additional 32,076 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in Sherwin-Williams Company (The) during the 1st quarter valued at approximately $226,000. 73.90% of the stock is owned by institutional investors.

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Shares of Sherwin-Williams Company (NYSE SHW) opened at 340.98 on Friday. The company’s 50-day moving average is $337.94 and its 200-day moving average is $334.09. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57. The stock has a market capitalization of $31.66 billion, a P/E ratio of 28.11 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by ($0.02). The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.06 earnings per share. On average, equities research analysts anticipate that Sherwin-Williams Company will post $14.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were paid a $0.85 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $3.40 annualized dividend and a yield of 1.00%. Sherwin-Williams Company (The)’s dividend payout ratio is currently 28.05%.

A number of brokerages have issued reports on SHW. KeyCorp restated a “buy” rating and set a $415.00 price target on shares of Sherwin-Williams Company (The) in a research note on Sunday, September 3rd. Robert W. Baird restated a “buy” rating and set a $375.00 price target on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. BidaskClub upgraded shares of Sherwin-Williams Company (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. UBS AG restated a “neutral” rating and set a $375.00 price target (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 26th. Finally, J P Morgan Chase & Co began coverage on shares of Sherwin-Williams Company (The) in a research note on Monday, July 24th. They set a “neutral” rating and a $365.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $363.93.

Sherwin-Williams Company (The) Company Profile

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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