The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 112.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 519 shares of the specialty chemicals company’s stock after buying an additional 275 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Sherwin-Williams were worth $162,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Sherwin-Williams by 16.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after purchasing an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $38,444,000. Machina Capital S.A.S. grew its stake in shares of Sherwin-Williams by 149.0% in the 3rd quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after purchasing an additional 5,801 shares during the last quarter. Pearl River Capital LLC acquired a new position in shares of Sherwin-Williams in the 3rd quarter worth approximately $4,517,000. Finally, Simplicity Solutions LLC grew its stake in shares of Sherwin-Williams by 182.2% in the 4th quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock worth $3,337,000 after purchasing an additional 6,909 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karl J. Jorgenrud sold 2,690 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.50, for a total transaction of $867,525.00. Following the transaction, the insider now directly owns 12,941 shares in the company, valued at approximately $4,173,472.50. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 over the last 90 days. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

NYSE SHW opened at $309.38 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $78.72 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15. The company has a 50 day moving average price of $328.64 and a two-hundred day moving average price of $297.00. The Sherwin-Williams Company has a 12-month low of $221.76 and a 12-month high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the company earned $1.89 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. As a group, equities analysts predict that The Sherwin-Williams Company will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is 30.92%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Seaport Res Ptn cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday, March 8th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a report on Tuesday, February 27th. Evercore ISI decreased their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Argus raised their target price on shares of Sherwin-Williams from $330.00 to $378.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.94.

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.