Handelsinvest Investeringsforvaltning Acquires New Holdings in The Sherwin-Williams Company (NYSE:SHW)

Handelsinvest Investeringsforvaltning acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,879 shares of the specialty chemicals company’s stock, valued at approximately $1,000,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,435,960 shares of the specialty chemicals company’s stock valued at $6,685,876,000 after buying an additional 179,274 shares during the period. Morgan Stanley increased its stake in Sherwin-Williams by 1.5% during the third quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock worth $1,291,563,000 after purchasing an additional 75,571 shares during the period. Capital World Investors increased its stake in Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after purchasing an additional 1,075,351 shares during the period. Norges Bank purchased a new stake in Sherwin-Williams during the fourth quarter worth about $1,176,356,000. Finally, Clearbridge Investments LLC increased its stake in Sherwin-Williams by 4.4% during the fourth quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock worth $866,862,000 after purchasing an additional 116,647 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHW has been the topic of a number of recent research reports. Robert W. Baird boosted their price target on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Evercore ISI boosted their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, KeyCorp upgraded 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $343.41.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $294.95 on Wednesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The stock has a fifty day moving average price of $304.82 and a 200 day moving average price of $313.43. The Sherwin-Williams Company has a 1-year low of $232.06 and a 1-year high of $348.37. The company has a market cap of $74.78 billion, a PE ratio of 31.40, a P/E/G ratio of 2.40 and a beta of 1.16.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.