The Sherwin-Williams Company (NYSE:SHW) Position Boosted by Forsta AP Fonden

Key Points

• Forsta AP Fonden has increased its stake in The Sherwin-Williams Company by 11.3%, now holding 75,900 shares valued at approximately $26.5 million.
• Sherwin-Williams reported earnings per share of $3.38, missing estimates of $3.76, with a net margin of 11.03% and a revenue of $6.31 billion for the latest quarter.
• The company recently announced a quarterly dividend of $0.79, translating to an annualized yield of 0.9%, with a payout ratio of 31.35%.

Forsta AP Fonden increased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,900 shares of the specialty chemicals company's stock after acquiring an additional 7,700 shares during the period. Forsta AP Fonden's holdings in Sherwin-Williams were worth $26,504,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Voleon Capital Management LP acquired a new stake in Sherwin-Williams in the fourth quarter valued at $2,011,000. Moors & Cabot Inc. raised its stake in Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock valued at $3,148,000 after buying an additional 39 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after buying an additional 201 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Sherwin-Williams in the first quarter valued at $306,000. Finally, Wealthcare Advisory Partners LLC raised its stake in Sherwin-Williams by 18.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after buying an additional 137 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 0.6%

NYSE:SHW traded up $2.26 on Friday, reaching $352.19. The stock had a trading volume of 1,628,313 shares, compared to its average volume of 1,935,526. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average of $345.58 and a 200 day moving average of $347.90. The stock has a market cap of $87.81 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 3.33 and a beta of 1.16. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.

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

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.79 dividend. 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 dividend payout ratio is presently 31.35%.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several brokerages have issued reports on SHW. Royal Bank Of Canada raised their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Bank of America raised their price target on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. BMO Capital Markets lowered their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Citigroup lowered their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Finally, UBS Group lowered their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams 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.