AGF Investments Inc. Has $36,470,000 Stake in Sherwin-Williams Company (The) (SHW)

AGF Investments Inc. continued to hold its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,859 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. AGF Investments Inc. owned 0.11% of Sherwin-Williams Company (The) worth $36,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. American Beacon Advisors Inc. acquired a new stake in shares of Sherwin-Williams Company (The) in the 1st quarter valued at about $106,000. Peddock Capital Advisors LLC bought a new position in shares of Sherwin-Williams Company (The) in the 2nd quarter valued at about $123,000. State of Alaska Department of Revenue bought a new position in shares of Sherwin-Williams Company (The) in the 1st quarter valued at about $139,000. Parallel Advisors LLC grew its holdings in shares of Sherwin-Williams Company (The) by 2.6% in the 1st 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 in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Sherwin-Williams Company (The) by 7.3% during the second 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. 73.90% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. UBS AG reiterated a “neutral” rating and set a $341.00 price target (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target for the company in a report on Sunday, July 23rd. Citigroup Inc. restated a “buy” rating and set a $410.00 price objective on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $403.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $363.93.

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Shares of Sherwin-Williams Company (NYSE:SHW) traded down 1.17% during mid-day trading on Friday, reaching $342.48. 279,563 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $338.07 and a 200-day moving average price of $333.87. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57. The stock has a market cap of $31.80 billion, a PE ratio of 28.23 and a beta of 1.22.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

Sherwin-Williams Company (The) 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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