Livforsakringsbolaget Skandia Omsesidigt Has $653,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 308.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,713 shares of the specialty chemicals company’s stock after acquiring an additional 1,294 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sherwin-Williams were worth $653,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Sherwin-Williams by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after acquiring an additional 184,979 shares during the last quarter. Capital International Investors lifted its position in shares of Sherwin-Williams by 10.5% during the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock worth $799,595,000 after purchasing an additional 219,149 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Sherwin-Williams by 2.9% during the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after purchasing an additional 53,487 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in shares of Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after purchasing an additional 917,979 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Sherwin-Williams by 18.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock worth $454,917,000 after purchasing an additional 238,031 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 owns 63,520 shares of the company’s stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SHW. BMO Capital Markets upped their price target on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Barclays raised their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $370.39.

Sherwin-Williams Stock Performance

Shares of SHW opened at $378.99 on Monday. The firm’s 50 day moving average price is $366.02 and its two-hundred day moving average price is $332.19. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $385.25. The firm has a market cap of $95.60 billion, a P/E ratio of 38.63, a PEG ratio of 2.95 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.29 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 11.5 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.75%. Sherwin-Williams’s payout ratio is presently 29.15%.

About Sherwin-Williams

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.