Avanza Fonder AB Buys New Holdings in The Sherwin-Williams Company $SHW

Avanza Fonder AB bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,309 shares of the specialty chemicals company’s stock, valued at approximately $748,000.

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

Analyst Upgrades and Downgrades

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

Sherwin-Williams Trading Up 2.5%

Shares of Sherwin-Williams stock opened at $321.62 on Thursday. The Sherwin-Williams Company has a 12-month low of $301.58 and a 12-month high of $379.65. The stock has a market capitalization of $79.56 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25. The company has a 50-day simple moving average of $347.16 and a 200 day simple moving average of $341.52. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion for 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%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were given a dividend of $0.80 per share. This is a boost 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 yield of 1.0%. Sherwin-Williams’s dividend payout ratio is currently 31.16%.

Insider Buying and Selling

In related news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by corporate 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.