PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,633 shares of the specialty chemicals company’s stock after purchasing an additional 2,924 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Sherwin-Williams were worth $14,679,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Wilkerson Advisory Group LLC raised its holdings in Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter valued at about $28,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 77.67% of the company’s stock.
Sherwin-Williams Price Performance
NYSE SHW opened at $369.59 on Friday. The stock has a 50-day simple moving average of $329.94 and a 200 day simple moving average of $332.57. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $379.65. The stock has a market capitalization of $89.72 billion, a PE ratio of 34.06, a P/E/G ratio of 2.71 and a beta of 1.10. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73.
Sherwin-Williams Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.49%.
Wall Street Analyst Weigh In
SHW has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Bank of America lowered their price target on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Wells Fargo & Company set a $360.00 price objective on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $385.44.
Check Out Our Latest Analysis on SHW
Sherwin-Williams Company Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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