Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 4.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 389,721 shares of the specialty chemicals company’s stock after buying an additional 15,259 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Sherwin-Williams were worth $134,945,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Johnson Investment Counsel Inc. raised its position in Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after acquiring an additional 38,228 shares in the last quarter. Cordatus Wealth Management LLC lifted its position in shares of Sherwin-Williams by 149.4% in the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after buying an additional 5,744 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Sherwin-Williams by 16.1% during the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock worth $43,536,000 after acquiring an additional 17,422 shares in the last quarter. Moody Lynn & Lieberson LLC increased its holdings in shares of Sherwin-Williams by 138.0% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after acquiring an additional 11,828 shares during the last quarter. Finally, Lindenwold Advisors INC bought a new position in shares of Sherwin-Williams in the 2nd quarter valued at approximately $1,303,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Sherwin-Williams Stock Performance
SHW opened at $347.10 on Wednesday. The stock’s 50 day simple moving average is $335.19 and its 200-day simple moving average is $343.58. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. The stock has a market cap of $86.04 billion, a PE ratio of 33.86, a P/E/G ratio of 4.41 and a beta of 1.26. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. UBS Group restated a “buy” rating and set a $415.00 target price (down previously from $422.00) on shares of Sherwin-Williams in a research note on Monday, January 12th. Mizuho dropped their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $388.44.
Sherwin-Williams 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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