Handelsbanken Fonder AB Has $28.35 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Handelsbanken Fonder AB lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 33.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,879 shares of the specialty chemicals company’s stock after buying an additional 22,835 shares during the period. Handelsbanken Fonder AB’s holdings in Sherwin-Williams were worth $28,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of Sherwin-Williams during the third quarter worth about $25,000. Union Savings Bank acquired a new position in shares of Sherwin-Williams during the third quarter worth about $28,000. Lee Financial Co acquired a new position in shares of Sherwin-Williams during the third quarter worth about $32,000. BluePath Capital Management LLC acquired a new position in Sherwin-Williams during the third quarter valued at approximately $33,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $35,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 1.1 %

Shares of NYSE:SHW opened at $309.26 on Tuesday. The business’s 50 day simple moving average is $328.50 and its 200 day simple moving average is $298.39. The company has a market capitalization of $78.69 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.42 and a beta of 1.15. The Sherwin-Williams Company has a 1 year low of $221.76 and a 1 year high of $348.37. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.46 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.92%.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the sale, the senior vice president now owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the transaction, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 in the last 90 days. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SHW shares. Citigroup increased their price target on Sherwin-Williams from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company upped their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Seaport Res Ptn lowered Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Mizuho dropped their price objective on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $285.00 to $317.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $325.94.

About Sherwin-Williams

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.