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

Mn Services Vermogensbeheer B.V. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 96,236 shares of the specialty chemicals company’s stock after buying an additional 1,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Sherwin-Williams were worth $32,714,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Valued Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. First Personal Financial Services acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams in the third quarter valued at approximately $32,000. Finally, Sierra Ocean LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SHW shares. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Citigroup reissued a “buy” rating and issued a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Royal Bank of Canada cut their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, Mizuho cut their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $400.76.

Sherwin-Williams Stock Performance

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

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the business posted $1.81 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.79 per share. 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. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s payout ratio is presently 29.95%.

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.