Mn Services Vermogensbeheer B.V. Sells 6,800 Shares of The Sherwin-Williams Company (NYSE:SHW)

Mn Services Vermogensbeheer B.V. lowered its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,436 shares of the specialty chemicals company's stock after selling 6,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Sherwin-Williams were worth $31,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Sherwin-Williams by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock valued at $7,422,932,000 after acquiring an additional 138,170 shares during the period. FMR LLC increased its stake in shares of Sherwin-Williams by 1.6% during the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock valued at $2,239,715,000 after acquiring an additional 106,093 shares during the period. Geode Capital Management LLC increased its stake in shares of Sherwin-Williams by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock valued at $1,636,679,000 after acquiring an additional 96,571 shares during the period. Alliancebernstein L.P. increased its stake in shares of Sherwin-Williams by 2.0% during the fourth quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock valued at $1,467,138,000 after acquiring an additional 86,268 shares during the period. Finally, Norges Bank acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $1,359,747,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

SHW has been the topic of several research analyst reports. Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $405.00 to $385.00 in a research report on Friday. UBS Group lowered their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Morgan Stanley lowered their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada lifted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.67.

Sherwin-Williams Stock Down 5.7%

Shares of Sherwin-Williams stock traded down $20.27 on Friday, hitting $335.93. 2,793,639 shares of the company traded hands, compared to its average volume of 1,725,958. The company has a 50-day moving average price of $348.16 and a 200 day moving average price of $351.64. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 12-month low of $292.27 and a 12-month high of $400.42. The company has a market cap of $84.18 billion, a PE ratio of 31.84, a PEG ratio of 2.98 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. Sherwin-Williams's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.17 earnings per share. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

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.