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

AMF Tjanstepension AB cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 36.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,153 shares of the specialty chemicals company's stock after selling 28,537 shares during the quarter. AMF Tjanstepension AB's holdings in Sherwin-Williams were worth $17,425,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. O Shaughnessy Asset Management LLC boosted its stake in shares of Sherwin-Williams by 17.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 17,796 shares of the specialty chemicals company's stock valued at $4,539,000 after purchasing an additional 2,672 shares in the last quarter. MQS Management LLC bought a new position in shares of Sherwin-Williams during the third quarter valued at approximately $307,000. Tower Research Capital LLC TRC boosted its stake in shares of Sherwin-Williams by 33.1% during the third quarter. Tower Research Capital LLC TRC now owns 10,931 shares of the specialty chemicals company's stock valued at $2,788,000 after purchasing an additional 2,720 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Sherwin-Williams during the third quarter valued at approximately $436,000. Finally, CWA Asset Management Group LLC boosted its stake in shares of Sherwin-Williams by 31.8% during the third quarter. CWA Asset Management Group LLC now owns 1,516 shares of the specialty chemicals company's stock valued at $387,000 after purchasing an additional 366 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded up $1.43 during trading on Friday, hitting $298.43. 2,175,805 shares of the company's stock were exchanged, compared to its average volume of 2,013,075. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The business has a 50-day simple moving average of $305.09 and a 200-day simple moving average of $313.44. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $348.37. The stock has a market capitalization of $75.67 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.39 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion for the quarter, compared to analysts' expectations of $5.50 billion. During the same period last year, the business earned $2.04 EPS. The company's revenue for the quarter was down 1.4% on a year-over-year basis. On average, research analysts forecast that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced 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 of this dividend was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.96%. Sherwin-Williams's dividend payout ratio (DPR) is presently 30.49%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SHW. BMO Capital Markets dropped their price objective on shares of Sherwin-Williams from $377.00 to $360.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 12th. JPMorgan Chase & Co. lowered their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an "overweight" rating for the company in a research note on Wednesday, April 24th. Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, April 24th. Evercore ISI raised their target price on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an "outperform" rating in a research note on Tuesday, May 14th. Finally, Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $380.00 to $370.00 and set an "outperform" rating for the company in a research note on Thursday, April 25th. One investment 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. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus price target 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.