The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Increased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 96,236 shares of the specialty chemicals company’s stock after acquiring an additional 1,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Sherwin-Williams were worth $32,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New York Life Investment Management LLC boosted its holdings in shares of Sherwin-Williams by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 34,562 shares of the specialty chemicals company’s stock worth $11,749,000 after buying an additional 111 shares during the period. Cable Hill Partners LLC boosted its holdings in shares of Sherwin-Williams by 9.9% during the 4th quarter. Cable Hill Partners LLC now owns 830 shares of the specialty chemicals company’s stock worth $282,000 after buying an additional 75 shares during the period. Whipplewood Advisors LLC acquired a new position in Sherwin-Williams during the 4th quarter valued at $47,000. NewEdge Wealth LLC raised its stake in Sherwin-Williams by 1.6% during the 4th quarter. NewEdge Wealth LLC now owns 14,629 shares of the specialty chemicals company’s stock valued at $4,973,000 after purchasing an additional 233 shares during the last quarter. Finally, National Pension Service raised its stake in Sherwin-Williams by 29.7% during the 4th quarter. National Pension Service now owns 647,620 shares of the specialty chemicals company’s stock valued at $220,145,000 after purchasing an additional 148,144 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 1.9 %

Shares of NYSE SHW opened at $359.62 on Thursday. The stock has a market cap of $90.40 billion, a P/E ratio of 34.09, a P/E/G ratio of 2.98 and a beta of 1.22. The firm has a 50 day moving average price of $350.65 and a 200 day moving average price of $365.58. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the company earned $1.81 earnings per share. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is presently 29.95%.

Analysts Set New Price Targets

Several equities analysts recently commented on SHW shares. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Mizuho dropped their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Evercore ISI increased their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $400.76.

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.