Andra AP fonden Increases Holdings in The Sherwin-Williams Company $SHW

Andra AP fonden increased its position in The Sherwin-Williams Company (NYSE:SHW) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,500 shares of the specialty chemicals company’s stock after acquiring an additional 12,500 shares during the period. Andra AP fonden’s holdings in Sherwin-Williams were worth $28,566,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after buying an additional 626 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its stake in Sherwin-Williams by 27.1% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 1,818 shares of the specialty chemicals company’s stock valued at $624,000 after acquiring an additional 388 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Sherwin-Williams by 15.2% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after acquiring an additional 440 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Sherwin-Williams by 4.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,483 shares of the specialty chemicals company’s stock worth $8,750,000 after acquiring an additional 1,100 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 0.9%

Shares of SHW stock opened at $360.39 on Friday. The firm’s 50-day simple moving average is $349.47 and its 200-day simple moving average is $346.66. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The firm has a market cap of $89.29 billion, a P/E ratio of 35.09, a PEG ratio of 3.09 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. Sherwin-Williams’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.09 earnings per share. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.80 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHW. Mizuho upped their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Finally, UBS Group set a $420.00 price objective on Sherwin-Williams in a research report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $387.67.

Insider Activity at Sherwin-Williams

In related news, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This represents a 35.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by insiders.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.