BI Asset Management Fondsmaeglerselskab A S Has $18.48 Million Stake in The Sherwin-Williams Company $SHW

Key Points

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BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,916 shares of the specialty chemicals company's stock after selling 19,373 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Sherwin-Williams were worth $18,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Sherwin-Williams by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock worth $7,711,004,000 after acquiring an additional 245,896 shares during the last quarter. Northern Trust Corp boosted its holdings in Sherwin-Williams by 28.0% during the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock worth $926,590,000 after acquiring an additional 595,586 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Sherwin-Williams by 6.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,826,498 shares of the specialty chemicals company's stock worth $620,881,000 after acquiring an additional 111,128 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Sherwin-Williams by 41,717.1% during the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after acquiring an additional 1,632,391 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Sherwin-Williams by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company's stock worth $536,495,000 after acquiring an additional 64,325 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 1.5%

Shares of Sherwin-Williams stock opened at $359.04 on Tuesday. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The stock's 50-day simple moving average is $346.02 and its 200 day simple moving average is $347.79. The stock has a market capitalization of $89.52 billion, a P/E ratio of 35.62, a P/E/G ratio of 3.44 and a beta of 1.16. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm posted $3.70 earnings per share. The company's revenue was up .6% on a year-over-year basis. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent analyst reports. Mizuho lowered their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. UBS Group lowered their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets lowered their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $388.60.

Insiders Place Their Bets

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by insiders.

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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