Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 11.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 948 shares of the specialty chemicals company’s stock after purchasing an additional 100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sherwin-Williams were worth $548,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC acquired a new position in Sherwin-Williams in the 1st quarter valued at approximately $25,000. PSI Advisors LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $33,000. Key Financial Inc acquired a new position in Sherwin-Williams in the 1st quarter valued at approximately $29,000. Center for Financial Planning Inc. raised its holdings in Sherwin-Williams by 250.0% in the 1st quarter. Center for Financial Planning Inc. now owns 63 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 45 shares in the last quarter. Finally, Front Row Advisors LLC acquired a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $44,000. 76.51% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on SHW shares. UBS Group increased their target price on Sherwin-Williams from $480.00 to $520.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Citigroup increased their target price on Sherwin-Williams from $555.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Credit Suisse Group increased their target price on Sherwin-Williams from $590.00 to $600.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Loop Capital increased their target price on Sherwin-Williams from $530.00 to $585.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Sherwin-Williams in a report on Thursday, April 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $586.57.
Shares of SHW opened at $586.12 on Thursday. The firm has a market capitalization of $53.46 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 3.31 and a beta of 1.22. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.57 and a current ratio of 0.94. The business’s fifty day moving average price is $577.05 and its two-hundred day moving average price is $546.28. Sherwin-Williams Co has a 52 week low of $325.43 and a 52 week high of $603.36.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Wednesday, April 29th. The specialty chemicals company reported $4.08 EPS for the quarter, beating the Zacks’ consensus estimate of $3.95 by $0.13. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.11 billion. Sherwin-Williams had a return on equity of 53.04% and a net margin of 8.98%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $3.60 EPS. As a group, research analysts forecast that Sherwin-Williams Co will post 20.49 EPS for the current year.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.