Skandinaviska Enskilda Banken AB publ Has $53.14 Million Holdings in The Sherwin-Williams Company $SHW

Skandinaviska Enskilda Banken AB publ increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 161.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 154,754 shares of the specialty chemicals company’s stock after acquiring an additional 95,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Sherwin-Williams were worth $53,136,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. F m Investments LLC acquired a new position in Sherwin-Williams during the second quarter worth $2,709,000. Norges Bank bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $1,296,565,000. Scotia Capital Inc. grew its holdings in shares of Sherwin-Williams by 13.9% in the 2nd quarter. Scotia Capital Inc. now owns 71,695 shares of the specialty chemicals company’s stock worth $24,616,000 after purchasing an additional 8,774 shares during the last quarter. Bank of Nova Scotia Trust Co. increased its position in shares of Sherwin-Williams by 17.2% during the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 6,935 shares of the specialty chemicals company’s stock worth $2,381,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Sherwin-Williams by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 133,784 shares of the specialty chemicals company’s stock valued at $45,936,000 after purchasing an additional 1,137 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Up 0.2%

Shares of SHW opened at $343.48 on Friday. The stock’s fifty day simple moving average is $338.70 and its 200-day simple moving average is $347.93. The firm has a market capitalization of $85.15 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the previous year, the business posted $3.37 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is currently 30.83%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SHW. Citigroup reaffirmed a “neutral” rating and set a $392.00 price objective (up from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Mizuho set a $400.00 price target on Sherwin-Williams in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $390.87.

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.