The Sherwin-Williams Company (NYSE:SHW) Position Increased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 109.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 621 shares of the specialty chemicals company’s stock after acquiring an additional 324 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Sherwin-Williams were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. First United Bank & Trust acquired a new position in Sherwin-Williams during the 4th quarter valued at about $31,000. Tortoise Investment Management LLC boosted its position in shares of Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 65 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in Sherwin-Williams in the 4th quarter worth approximately $35,000. Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $36,000. Finally, Tompkins Financial Corp raised its stake in Sherwin-Williams by 1,533.3% during the 3rd quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.4 %

Shares of NYSE SHW opened at $294.57 on Wednesday. The firm has a market capitalization of $74.69 billion, a PE ratio of 31.40, a PEG ratio of 2.40 and a beta of 1.16. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The business has a 50-day moving average price of $304.82 and a two-hundred day moving average price of $313.43.

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

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a dividend of $0.715 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.97%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SHW shares. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Evercore ISI increased their price objective on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. KeyCorp upgraded shares of Sherwin-Williams from a “sector weight” rating to an “overweight” rating and set a $400.00 price objective on the stock in a research note on Thursday, April 25th. Citigroup cut their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price target for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $343.41.

About Sherwin-Williams

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.