The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 17.3% during the first quarter, Holdings Channel.com reports. The fund owned 20,592 shares of the specialty chemicals company’s stock after purchasing an additional 3,031 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Sherwin-Williams were worth $7,152,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. First Hawaiian Bank increased its holdings in shares of Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after buying an additional 34 shares in the last quarter. Tsfg LLC increased its holdings in shares of Sherwin-Williams by 4.7% in the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after buying an additional 34 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Sherwin-Williams by 5.5% in the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock valued at $208,000 after buying an additional 35 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in shares of Sherwin-Williams by 0.7% in the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock valued at $1,706,000 after buying an additional 35 shares in the last quarter. Finally, Ellsworth Advisors LLC increased its holdings in shares of Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after buying an additional 36 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 0.6 %

NYSE:SHW traded up $1.92 during trading hours on Wednesday, reaching $300.83. The company’s stock had a trading volume of 168,567 shares, compared to its average volume of 1,567,192. The company has a market cap of $76.28 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 2.41 and a beta of 1.16. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $348.37. The business’s 50-day moving average is $304.03 and its 200-day moving average is $312.98. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Analyst Ratings Changes

Several analysts have issued reports on SHW shares. Loop Capital cut their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Robert W. Baird boosted their target price on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. KeyCorp raised shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price on the stock in a research note on Thursday, April 25th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $340.65.

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.