BI Asset Management Fondsmaeglerselskab A S Boosts Position in The Sherwin-Williams Company (NYSE:SHW)

BI Asset Management Fondsmaeglerselskab A S increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,289 shares of the specialty chemicals company’s stock after acquiring an additional 19,364 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Sherwin-Williams were worth $24,573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams in the 4th quarter worth $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at about $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams in the fourth quarter worth about $36,000. WR Wealth Planners LLC lifted its holdings in Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at approximately $41,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of several research reports. Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday. Citigroup decreased their price objective on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a report on Friday, January 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $392.50.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Performance

SHW stock opened at $333.03 on Friday. The stock’s 50 day simple moving average is $344.78 and its 200 day simple moving average is $358.89. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The stock has a market capitalization of $83.76 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the prior year, the company earned $1.81 EPS. As a group, research analysts forecast 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, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

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.