E. Ohman J or Asset Management AB Decreases Stock Position in The Sherwin-Williams Company $SHW

E. Ohman J or Asset Management AB lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 20.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,000 shares of the specialty chemicals company’s stock after selling 2,079 shares during the period. E. Ohman J or Asset Management AB’s holdings in Sherwin-Williams were worth $2,592,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $313.52 on Wednesday. The firm has a market cap of $77.55 billion, a PE ratio of 30.53, a P/E/G ratio of 2.72 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $301.58 and a twelve month high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The business has a 50-day moving average price of $347.81 and a 200 day moving average price of $341.66.

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

Sherwin-Williams Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on SHW. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Mizuho reduced their target price on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target for the company. in a research report on Thursday, January 22nd. Finally, UBS Group set a $420.00 price objective on Sherwin-Williams in a report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $384.43.

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.