KLP Kapitalforvaltning AS Boosts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

KLP Kapitalforvaltning AS lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,082 shares of the specialty chemicals company's stock after purchasing an additional 1,800 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Sherwin-Williams were worth $38,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Coppell Advisory Solutions LLC boosted its position in Sherwin-Williams by 2.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares during the last quarter. Opal Wealth Advisors LLC increased its holdings in Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after buying an additional 32 shares during the last quarter. Ashton Thomas Securities LLC raised its position in Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock worth $757,000 after acquiring an additional 34 shares during the period. YANKCOM Partnership boosted its stake in shares of Sherwin-Williams by 8.8% during the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after acquiring an additional 34 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its position in shares of Sherwin-Williams by 4.9% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock valued at $264,000 after acquiring an additional 35 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 0.0%

Shares of Sherwin-Williams stock traded down $0.11 on Friday, reaching $340.10. The company had a trading volume of 948,279 shares, compared to its average volume of 1,752,728. The firm's 50-day moving average price is $348.62 and its two-hundred day moving average price is $348.06. 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 $85.23 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 3.25 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.45.

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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same period last year, the company earned $3.70 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

Analysts Set New Price Targets

A number of brokerages recently commented on SHW. Barclays decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday. Morgan Stanley cut their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. BMO Capital Markets decreased their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.