Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Sherwin-Williams Co (NYSE:SHW) by 8.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 24,496 shares of the specialty chemicals company’s stock after selling 2,245 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sherwin-Williams were worth $9,984,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Summit Trail Advisors LLC grew its position in Sherwin-Williams by 37,388.4% in the 1st quarter. Summit Trail Advisors LLC now owns 113,215 shares of the specialty chemicals company’s stock worth $113,000 after purchasing an additional 112,913 shares during the period. Prime Capital Investment Advisors LLC grew its position in Sherwin-Williams by 129.4% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 500 shares of the specialty chemicals company’s stock worth $196,000 after purchasing an additional 282 shares during the period. New England Research & Management Inc. bought a new stake in Sherwin-Williams in the 2nd quarter worth approximately $204,000. Aspen Investment Management Inc bought a new stake in Sherwin-Williams in the 4th quarter worth approximately $205,000. Finally, Salem Investment Counselors Inc. bought a new stake in Sherwin-Williams in the 4th quarter worth approximately $205,000. 74.61% of the stock is owned by institutional investors.
Sherwin-Williams opened at $418.39 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.13. Sherwin-Williams Co has a fifty-two week low of $326.68 and a fifty-two week high of $435.15. The firm has a market cap of $38.85 billion, a P/E ratio of 29.32, a PEG ratio of 1.86 and a beta of 1.14.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 24th. The specialty chemicals company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.41. Sherwin-Williams had a net margin of 11.02% and a return on equity of 48.06%. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the company earned $2.27 EPS. Sherwin-Williams’s revenue for the quarter was up 43.6% on a year-over-year basis. equities analysts expect that Sherwin-Williams Co will post 18.71 earnings per share for the current year.
SHW has been the subject of a number of research analyst reports. Credit Suisse Group set a $457.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a research report on Tuesday, July 3rd. Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $428.00 price objective for the company in a research report on Tuesday, April 3rd. Barclays cut their price objective on shares of Sherwin-Williams from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 25th. BMO Capital Markets initiated coverage on shares of Sherwin-Williams in a research report on Tuesday, March 27th. They set a “market perform” rating and a $453.00 price objective for the company. Finally, Royal Bank of Canada cut their price objective on shares of Sherwin-Williams to $470.00 and set an “outperform” rating for the company in a research report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus target price of $439.65.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.