The Sherwin-Williams Company (NYSE:SHW) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 36.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,153 shares of the specialty chemicals company’s stock after selling 28,537 shares during the period. AMF Tjanstepension AB’s holdings in Sherwin-Williams were worth $17,425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Register Financial Advisors LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter worth about $120,000. Fifth Third Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 6.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,210 shares of the specialty chemicals company’s stock worth $420,000 after buying an additional 72 shares in the last quarter. Procyon Advisors LLC raised its position in shares of Sherwin-Williams by 4.4% during the 1st quarter. Procyon Advisors LLC now owns 3,007 shares of the specialty chemicals company’s stock worth $1,044,000 after buying an additional 128 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter worth about $231,000. Finally, SMI Advisory Services LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter worth about $4,106,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. BMO Capital Markets dropped their target price on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 target price on the stock in a report on Thursday, April 25th. Evercore ISI boosted their target price on shares of Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Mizuho dropped their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $343.41.

Sherwin-Williams Stock Performance

Shares of SHW opened at $298.45 on Friday. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $348.37. The firm has a market cap of $75.67 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17. The company’s fifty day moving average is $305.09 and its 200-day moving average is $313.31. The company has a quick ratio of 0.46, a current ratio of 0.78 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.04 EPS. Equities analysts expect that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is 30.49%.

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.