Raymond James Financial Services Advisors Inc. Increases Stake in Sherwin-Williams Company (The) (SHW)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,175 shares of the specialty chemicals company’s stock after purchasing an additional 1,339 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Sherwin-Williams Company (The) were worth $9,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Sherwin-Williams Company (The) during the 2nd quarter worth approximately $100,000. Peddock Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams Company (The) during the 2nd quarter worth approximately $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Sherwin-Williams Company (The) by 7.3% during 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 purchasing an additional 29 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of Sherwin-Williams Company (The) during the 2nd quarter worth approximately $169,000. Finally, Parallel Advisors LLC raised its position in shares of Sherwin-Williams Company (The) by 13.4% during the 2nd quarter. Parallel Advisors LLC now owns 490 shares of the specialty chemicals company’s stock worth $165,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 73.56% of the company’s stock.

Sherwin-Williams Company (NYSE:SHW) opened at $386.98 on Monday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a market capitalization of $36,188.02, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Sherwin-Williams Company has a one year low of $260.00 and a one year high of $398.22.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.05. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. The firm’s quarterly revenue was up 37.4% on a year-over-year basis. During the same period last year, the company posted $4.23 EPS. equities research analysts predict that Sherwin-Williams Company will post 15.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams Company (The)’s payout ratio is currently 29.90%.

TRADEMARK VIOLATION NOTICE: “Raymond James Financial Services Advisors Inc. Increases Stake in Sherwin-Williams Company (The) (SHW)” was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.truebluetribune.com/2017/11/20/raymond-james-financial-services-advisors-inc-increases-stake-in-sherwin-williams-company-the-shw.html.

A number of analysts have recently weighed in on the company. UBS AG reiterated a “neutral” rating and set a $375.00 price target (up from $359.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 26th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target on the stock in a research report on Sunday, July 23rd. Citigroup Inc. increased their price target 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. Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 price target on the stock in a research report on Wednesday, September 20th. Finally, Jefferies Group LLC increased their price target on Sherwin-Williams Company (The) from $364.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $398.25.

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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Company (The) (NYSE:SHW).

Institutional Ownership by Quarter for Sherwin-Williams Company (The) (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply