Mn Services Vermogensbeheer B.V. Raises Position in The Sherwin-Williams Company $SHW

Mn Services Vermogensbeheer B.V. grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,152 shares of the specialty chemicals company’s stock after purchasing an additional 1,816 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Sherwin-Williams were worth $29,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Oklahoma increased its position in shares of Sherwin-Williams by 2.3% during the 4th quarter. Trust Co. of Oklahoma now owns 2,944 shares of the specialty chemicals company’s stock valued at $954,000 after purchasing an additional 67 shares during the last quarter. AA Financial Advisors LLC lifted its position in Sherwin-Williams by 17.3% in the fourth quarter. AA Financial Advisors LLC now owns 814 shares of the specialty chemicals company’s stock worth $264,000 after buying an additional 120 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in Sherwin-Williams by 1.6% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 7,779 shares of the specialty chemicals company’s stock worth $2,521,000 after buying an additional 122 shares during the period. Woodstock Corp boosted its stake in Sherwin-Williams by 23.2% during the fourth quarter. Woodstock Corp now owns 7,731 shares of the specialty chemicals company’s stock worth $2,505,000 after buying an additional 1,454 shares during the period. Finally, Canoe Financial LP increased its position in Sherwin-Williams by 2.8% during the fourth quarter. Canoe Financial LP now owns 346,537 shares of the specialty chemicals company’s stock valued at $112,288,000 after acquiring an additional 9,480 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the transaction, the senior vice president directly owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This represents a 35.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SHW shares. Mizuho reduced their target price on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. UBS Group set a $420.00 price target on shares of Sherwin-Williams in a report on Friday, January 30th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research note on Thursday, January 22nd. Finally, Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a research report on Wednesday, January 7th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $384.43.

Sherwin-Williams Stock Up 0.2%

NYSE:SHW opened at $315.97 on Tuesday. The Sherwin-Williams Company has a twelve month low of $301.58 and a twelve month high of $379.65. The company has a market cap of $78.16 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.73 and a beta of 1.25. The stock has a fifty day simple moving average of $344.74 and a 200-day simple moving average of $340.32. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a $0.80 dividend. The ex-dividend date was Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s payout ratio is currently 31.16%.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.