Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 23.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,139 shares of the specialty chemicals company’s stock after buying an additional 4,824 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sherwin-Williams were worth $10,828,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Sherwin-Williams by 5.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,179 shares of the specialty chemicals company’s stock valued at $5,246,000 after acquiring an additional 665 shares during the period. Securian Asset Management Inc boosted its holdings in Sherwin-Williams by 1.2% during the first quarter. Securian Asset Management Inc now owns 8,690 shares of the specialty chemicals company’s stock valued at $3,743,000 after acquiring an additional 100 shares during the period. Arrow Financial Corp boosted its holdings in Sherwin-Williams by 3.1% during the first quarter. Arrow Financial Corp now owns 4,345 shares of the specialty chemicals company’s stock valued at $1,872,000 after acquiring an additional 130 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Sherwin-Williams by 2.9% during the first quarter. Daiwa Securities Group Inc. now owns 3,205 shares of the specialty chemicals company’s stock valued at $1,380,000 after acquiring an additional 90 shares during the period. Finally, World Asset Management Inc boosted its holdings in Sherwin-Williams by 3.5% during the first quarter. World Asset Management Inc now owns 6,116 shares of the specialty chemicals company’s stock valued at $2,634,000 after acquiring an additional 207 shares during the period. 77.56% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on SHW shares. Barclays reiterated a “hold” rating and issued a $440.00 target price on shares of Sherwin-Williams in a research note on Sunday, February 3rd. Robert W. Baird increased their target price on shares of Sherwin-Williams from $480.00 to $525.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Evercore ISI started coverage on shares of Sherwin-Williams in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $495.00 target price for the company. Argus increased their target price on shares of Sherwin-Williams from $480.00 to $527.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. cut shares of Sherwin-Williams from an “overweight” rating to a “neutral” rating and set a $435.00 target price for the company. in a research note on Friday, March 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. Sherwin-Williams has an average rating of “Buy” and a consensus target price of $480.05.
SHW traded down $0.48 during midday trading on Wednesday, reaching $431.44. 329,547 shares of the company’s stock were exchanged, compared to its average volume of 634,784. The stock has a market cap of $40.22 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 1.80 and a beta of 1.26. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 2.52. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $479.64.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.03). The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.09 billion. Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.57 EPS. Equities research analysts expect that Sherwin-Williams Co will post 21.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is 24.39%.
In other news, insider Robert F. Lynch sold 6,984 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the completion of the sale, the insider now owns 13,855 shares of the company’s stock, valued at $5,965,131.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joel D. Baxter sold 7,621 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $439.15, for a total transaction of $3,346,762.15. Following the sale, the insider now directly owns 10,308 shares of the company’s stock, valued at approximately $4,526,758.20. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.
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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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