ING Groep NV Sells 28,906 Shares of The Sherwin-Williams Company (NYSE:SHW)

ING Groep NV lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 18.0% during the 4th quarter, Holdings Channel reports. The firm owned 131,332 shares of the specialty chemicals company’s stock after selling 28,906 shares during the period. ING Groep NV’s holdings in Sherwin-Williams were worth $44,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Flossbach Von Storch SE boosted its stake in Sherwin-Williams by 5.7% during the 4th quarter. Flossbach Von Storch SE now owns 751,803 shares of the specialty chemicals company’s stock worth $255,560,000 after acquiring an additional 40,216 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Sherwin-Williams by 4.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 13,186 shares of the specialty chemicals company’s stock worth $4,482,000 after acquiring an additional 504 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Sherwin-Williams by 6.7% during the 4th quarter. Handelsbanken Fonder AB now owns 104,700 shares of the specialty chemicals company’s stock worth $35,591,000 after buying an additional 6,582 shares during the period. Ieq Capital LLC raised its holdings in Sherwin-Williams by 28.0% during the 4th quarter. Ieq Capital LLC now owns 16,319 shares of the specialty chemicals company’s stock worth $5,547,000 after buying an additional 3,574 shares during the period. Finally, Freedom Day Solutions LLC raised its holdings in Sherwin-Williams by 1.6% during the 4th quarter. Freedom Day Solutions LLC now owns 9,501 shares of the specialty chemicals company’s stock worth $3,230,000 after buying an additional 147 shares during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

SHW has been the topic of a number of recent research reports. Citigroup lowered their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Barclays lifted their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Morgan Stanley lowered their target price on shares of 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 assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Insider Activity

In other news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Down 0.5 %

SHW stock opened at $351.39 on Thursday. 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 fifty day moving average price of $351.78 and a two-hundred day moving average price of $365.30. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The stock has a market cap of $88.50 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 3.04 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its earnings results 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 period in the previous year, the firm earned $1.81 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s payout ratio is presently 27.11%.

Sherwin-Williams 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.