Forsta AP Fonden Sells 19,900 Shares of The Sherwin-Williams Company (NYSE:SHW)

Forsta AP Fonden cut its holdings in The Sherwin-Williams Company (NYSE:SHWGet Rating) by 26.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,100 shares of the specialty chemicals company’s stock after selling 19,900 shares during the period. Forsta AP Fonden’s holdings in Sherwin-Williams were worth $13,754,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Rational Advisors LLC increased its stake in shares of Sherwin-Williams by 126.5% in the fourth quarter. Rational Advisors LLC now owns 77 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 43 shares during the period. DB Fitzpatrick & Co Inc bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $41,000. Lloyd Advisory Services LLC. increased its stake in Sherwin-Williams by 105.0% during the first quarter. Lloyd Advisory Services LLC. now owns 164 shares of the specialty chemicals company’s stock valued at $41,000 after acquiring an additional 84 shares during the period. First Financial Corp IN increased its stake in Sherwin-Williams by 121.8% during the first quarter. First Financial Corp IN now owns 173 shares of the specialty chemicals company’s stock valued at $43,000 after acquiring an additional 95 shares during the period. Finally, MCF Advisors LLC bought a new position in Sherwin-Williams during the first quarter valued at about $43,000. 77.35% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Down 2.5 %

NYSE:SHW opened at $237.08 on Friday. The stock’s fifty day moving average price is $243.71 and its two-hundred day moving average price is $257.86. The Sherwin-Williams Company has a 52-week low of $214.22 and a 52-week high of $354.15. The company has a debt-to-equity ratio of 3.86, a quick ratio of 0.53 and a current ratio of 0.87. The company has a market cap of $61.45 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 2.34 and a beta of 1.05.

Sherwin-Williams (NYSE:SHWGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.37). Sherwin-Williams had a return on equity of 82.04% and a net margin of 8.45%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $6.01 billion. During the same period in the prior year, the company posted $2.65 EPS. The firm’s quarterly revenue was down 46.6% compared to the same quarter last year. On average, analysts anticipate that The Sherwin-Williams Company will post 8.65 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 19th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, August 18th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 36.09%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SHW shares. Mizuho lowered their price target on Sherwin-Williams from $310.00 to $294.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Evercore ISI lowered their price target on Sherwin-Williams to $305.00 in a research note on Thursday, June 9th. Credit Suisse Group assumed coverage on Sherwin-Williams in a research note on Tuesday, May 31st. They set an “underperform” rating and a $245.00 price target on the stock. TheStreet upgraded Sherwin-Williams from a “c+” rating to a “b-” rating in a research note on Monday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Sherwin-Williams from $315.00 to $275.00 in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has a consensus rating of “Hold” and an average price target of $311.30.

Insider Activity

In other news, insider Justin T. Binns sold 1,542 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $259.99, for a total value of $400,904.58. Following the transaction, the insider now owns 6,877 shares of the company’s stock, valued at approximately $1,787,951.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by company insiders.

Sherwin-Williams Company Profile

(Get Rating)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through 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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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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