ASR Vermogensbeheer N.V. Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in The Sherwin-Williams Company, purchasing 39,962 shares valued at approximately $13.95 million.
• Sherwin-Williams reported Q2 earnings of $3.38 per share, missing analysts' expectations, while revenue remained steady at $6.31 billion.
• The company declared a quarterly dividend of $0.79 per share, representing an annualized yield of 0.9% and a payout ratio of 31.35%.

ASR Vermogensbeheer N.V. acquired a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,962 shares of the specialty chemicals company's stock, valued at approximately $13,954,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams in the first quarter valued at $27,000. Park Square Financial Group LLC purchased a new position in Sherwin-Williams during the fourth quarter worth about $27,000. Synergy Investment Management LLC lifted its position in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams during the first quarter worth about $30,000. Finally, HWG Holdings LP purchased a new position in Sherwin-Williams during the first quarter worth about $46,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

SHW stock opened at $351.86 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The firm has a market cap of $87.73 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 3.29 and a beta of 1.16. The stock has a 50-day simple moving average of $345.90 and a 200-day simple moving average of $348.04.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $3.70 EPS. On average, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SHW shares. Wells Fargo & Company reduced their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Mizuho reduced their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets reduced their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Finally, Citigroup dropped their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

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.

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