Skandinaviska Enskilda Banken AB publ Has $20.91 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Skandinaviska Enskilda Banken AB publ reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 15.8% during the 2nd quarter, Holdings Channel reports. The fund owned 70,049 shares of the specialty chemicals company’s stock after selling 13,097 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Sherwin-Williams were worth $20,905,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of Sherwin-Williams by 5.0% in the fourth quarter. D.A. Davidson & CO. now owns 7,396 shares of the specialty chemicals company’s stock valued at $2,307,000 after buying an additional 353 shares in the last quarter. Assetmark Inc. raised its stake in shares of Sherwin-Williams by 19.5% in the fourth quarter. Assetmark Inc. now owns 5,924 shares of the specialty chemicals company’s stock worth $1,848,000 after acquiring an additional 966 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 47.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,189 shares of the specialty chemicals company’s stock worth $371,000 after acquiring an additional 385 shares during the last quarter. InterOcean Capital Group LLC lifted its position in shares of Sherwin-Williams by 27.2% during the fourth quarter. InterOcean Capital Group LLC now owns 1,086 shares of the specialty chemicals company’s stock worth $339,000 after purchasing an additional 232 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Sherwin-Williams by 17.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 55,259 shares of the specialty chemicals company’s stock valued at $17,235,000 after purchasing an additional 8,364 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Down 0.3 %

Shares of Sherwin-Williams stock opened at $378.52 on Friday. The company has a market capitalization of $95.49 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17. 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 business has a 50-day moving average of $353.82 and a two-hundred day moving average of $328.32. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $382.83.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (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 business had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the prior year, the business earned $3.29 EPS. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts predict that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have issued reports on SHW. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday. KeyCorp upped their price target on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Barclays lifted their price objective on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. UBS Group upped their target price on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group lifted their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $362.68.

Insider Buying and Selling

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

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.