The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,850 shares of the specialty chemicals company’s stock after purchasing an additional 950 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Sherwin-Williams were worth $3,688,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank boosted its holdings in shares of Sherwin-Williams by 6.4% in the third quarter. Czech National Bank now owns 47,276 shares of the specialty chemicals company’s stock valued at $18,044,000 after acquiring an additional 2,825 shares during the period. GAMMA Investing LLC boosted its stake in Sherwin-Williams by 20.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,327 shares of the specialty chemicals company’s stock worth $1,270,000 after purchasing an additional 557 shares during the period. Davis Investment Partners LLC purchased a new position in Sherwin-Williams during the 3rd quarter worth $227,000. Diversified Trust Co raised its holdings in shares of Sherwin-Williams by 0.8% in the third quarter. Diversified Trust Co now owns 5,050 shares of the specialty chemicals company’s stock valued at $1,927,000 after buying an additional 41 shares during the last quarter. Finally, Everpar Advisors LLC boosted its stake in shares of Sherwin-Williams by 2.6% during the third quarter. Everpar Advisors LLC now owns 4,701 shares of the specialty chemicals company’s stock worth $1,794,000 after buying an additional 119 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $357.90 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The company has a market cap of $90.14 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. The company has a 50-day simple moving average of $359.64 and a 200-day simple moving average of $363.86. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter last year, the firm posted $1.81 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12.12 earnings per share for the current year.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

SHW has been the subject of a number of recent research reports. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Finally, Morgan Stanley dropped their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $400.00.

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.