E. Ohman J or Asset Management AB Has $3.78 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

E. Ohman J or Asset Management AB lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 5.7% during the third quarter, HoldingsChannel.com reports. The fund owned 9,900 shares of the specialty chemicals company’s stock after selling 600 shares during the period. E. Ohman J or Asset Management AB’s holdings in Sherwin-Williams were worth $3,779,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SHW. Nicholson Wealth Management Group LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at approximately $1,011,000. Tectonic Advisors LLC bought a new stake in shares of Sherwin-Williams during the third quarter worth $653,000. Dakota Wealth Management lifted its stake in shares of Sherwin-Williams by 10.7% in the 3rd quarter. Dakota Wealth Management now owns 2,410 shares of the specialty chemicals company’s stock valued at $920,000 after acquiring an additional 233 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of Sherwin-Williams by 11.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 54,562 shares of the specialty chemicals company’s stock valued at $20,825,000 after acquiring an additional 5,790 shares in the last quarter. Finally, Grimes & Company Inc. acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $202,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on SHW shares. Wells Fargo & Company increased their target price on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Barclays lifted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday. BMO Capital Markets raised their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, Robert W. Baird boosted their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $395.29.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Down 0.3 %

Shares of SHW stock opened at $361.59 on Friday. The company has a market cap of $91.68 billion, a P/E ratio of 38.55, a PEG ratio of 2.87 and a beta of 1.17. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $392.57. The stock has a 50 day simple moving average of $371.81 and a two-hundred day simple moving average of $334.64. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.50 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.20 EPS. Research analysts forecast that The Sherwin-Williams Company will post 11.31 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.79%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

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.