MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Holdings in The Sherwin-Williams Company (NYSE:SHW)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 109.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 621 shares of the specialty chemicals company’s stock after buying an additional 324 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Sherwin-Williams were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC grew its stake in shares of Sherwin-Williams by 3.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,140 shares of the specialty chemicals company’s stock valued at $396,000 after purchasing an additional 37 shares during the period. Congress Wealth Management LLC DE raised its position in Sherwin-Williams by 1.9% in the first quarter. Congress Wealth Management LLC DE now owns 49,543 shares of the specialty chemicals company’s stock worth $17,208,000 after acquiring an additional 931 shares during the period. Park Place Capital Corp boosted its stake in shares of Sherwin-Williams by 15.4% during the 1st quarter. Park Place Capital Corp now owns 2,095 shares of the specialty chemicals company’s stock worth $728,000 after acquiring an additional 280 shares during the last quarter. Claro Advisors LLC grew its position in shares of Sherwin-Williams by 3.7% during the 1st quarter. Claro Advisors LLC now owns 3,009 shares of the specialty chemicals company’s stock valued at $1,045,000 after acquiring an additional 106 shares during the period. Finally, BKM Wealth Management LLC grew its position in shares of Sherwin-Williams by 6.5% during the 1st quarter. BKM Wealth Management LLC now owns 1,726 shares of the specialty chemicals company’s stock valued at $599,000 after acquiring an additional 105 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $294.57 on Wednesday. The company has a market capitalization of $74.69 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.40 and a beta of 1.16. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $348.37. The business’s fifty day simple moving average is $304.82 and its 200-day simple moving average is $313.43.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the company earned $2.04 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SHW shares. BMO Capital Markets lowered their target price on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Mizuho reduced their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price target for the company from $312.00 to $402.00 in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $343.41.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.