The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 112.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 519 shares of the specialty chemicals company’s stock after purchasing an additional 275 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sherwin-Williams were worth $162,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its holdings in Sherwin-Williams by 8.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 22,149 shares of the specialty chemicals company’s stock valued at $6,908,000 after purchasing an additional 1,802 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sherwin-Williams by 36.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,809 shares of the specialty chemicals company’s stock valued at $18,966,000 after buying an additional 16,120 shares during the period. Suncoast Equity Management boosted its position in Sherwin-Williams by 3.7% in the 4th quarter. Suncoast Equity Management now owns 11,061 shares of the specialty chemicals company’s stock valued at $3,450,000 after buying an additional 398 shares during the period. SVB Wealth LLC boosted its position in Sherwin-Williams by 23.4% in the 4th quarter. SVB Wealth LLC now owns 1,770 shares of the specialty chemicals company’s stock valued at $552,000 after buying an additional 336 shares during the period. Finally, Donaldson Capital Management LLC boosted its position in Sherwin-Williams by 329.0% in the 4th quarter. Donaldson Capital Management LLC now owns 6,237 shares of the specialty chemicals company’s stock valued at $1,945,000 after buying an additional 4,783 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the sale, the senior vice president now directly owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,050 shares of company stock valued at $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SHW shares. Robert W. Baird reissued a “neutral” rating and issued a $300.00 price target (up previously from $270.00) on shares of Sherwin-Williams in a research report on Wednesday, January 3rd. Argus raised their price target on shares of Sherwin-Williams from $330.00 to $378.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Mizuho decreased their price objective on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Finally, Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.94.

Sherwin-Williams Price Performance

Shares of SHW opened at $309.38 on Friday. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The firm has a fifty day moving average price of $328.64 and a 200 day moving average price of $297.00. The stock has a market cap of $78.72 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.46 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.92%.

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.