Tredje AP fonden Lowers Position in The Sherwin-Williams Company (NYSE:SHW)

Tredje AP fonden trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 60.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,700 shares of the specialty chemicals company’s stock after selling 31,404 shares during the period. Tredje AP fonden’s holdings in Sherwin-Williams were worth $6,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares in the last quarter. VitalStone Financial LLC boosted its position in Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 77 shares in the last quarter. Anfield Capital Management LLC purchased a new position in shares of Sherwin-Williams in the 2nd quarter valued at $38,000. Meeder Asset Management Inc. bought a new position in shares of Sherwin-Williams in the 2nd quarter worth $41,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter worth $47,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Trading Down 0.7 %

NYSE SHW opened at $375.29 on Thursday. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $382.83. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The company has a market capitalization of $95.15 billion, a PE ratio of 40.01, a P/E/G ratio of 2.94 and a beta of 1.17. The company has a fifty day moving average of $351.31 and a 200 day moving average of $327.67.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the prior year, the business earned $3.29 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. Research analysts forecast that The Sherwin-Williams Company will post 11.47 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SHW. UBS Group lifted their target price on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research note on Friday, August 30th. KeyCorp boosted their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. The Goldman Sachs Group upped their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI raised their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $362.68.

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.