Danske Bank A S Makes New $53.02 Million Investment in The Sherwin-Williams Company $SHW

Danske Bank A S purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 153,121 shares of the specialty chemicals company’s stock, valued at approximately $53,020,000. Danske Bank A S owned 0.06% of Sherwin-Williams as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vermillion & White Wealth Management Group LLC lifted its holdings in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares during the period. Rossby Financial LCC increased its stake in Sherwin-Williams by 96.0% during the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 48 shares during the period. Delos Wealth Advisors LLC acquired a new position in Sherwin-Williams during the 2nd quarter valued at about $36,000. True Wealth Design LLC raised its position in shares of Sherwin-Williams by 129.8% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 61 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $42,000. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a report on Thursday, January 22nd. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a research report on Wednesday, January 7th. UBS Group set a $420.00 price target on Sherwin-Williams in a research note on Friday, January 30th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Finally, Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $388.21.

Sherwin-Williams Stock Down 2.6%

NYSE SHW opened at $312.28 on Thursday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The company has a market capitalization of $77.24 billion, a P/E ratio of 30.41, a PEG ratio of 2.78 and a beta of 1.25. The company’s 50 day simple moving average is $351.13 and its 200 day simple moving average is $343.37. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53.

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

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s payout ratio is presently 31.16%.

Insiders Place Their Bets

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

About Sherwin-Williams

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.