Asset Management One Co. Ltd. Lowers Stake in The Sherwin-Williams Company (NYSE:SHW)

Asset Management One Co. Ltd. lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,602 shares of the specialty chemicals company’s stock after selling 5,440 shares during the period. Asset Management One Co. Ltd.’s holdings in Sherwin-Williams were worth $43,740,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tamar Securities LLC grew its position in Sherwin-Williams by 3.4% during the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after acquiring an additional 1,604 shares during the period. Valeo Financial Advisors LLC grew its position in Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after acquiring an additional 193 shares during the period. Transcend Capital Advisors LLC boosted its position in shares of Sherwin-Williams by 24.1% in the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after buying an additional 1,514 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Sherwin-Williams by 4.3% in the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock worth $37,449,000 after buying an additional 4,074 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Sherwin-Williams by 17.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,592 shares of the specialty chemicals company’s stock worth $7,152,000 after buying an additional 3,031 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SHW shares. Royal Bank of Canada decreased their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Evercore ISI decreased their target price on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.29.

Sherwin-Williams Trading Up 4.6 %

Shares of NYSE SHW opened at $374.40 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The stock’s 50 day moving average price is $372.64 and its two-hundred day moving average price is $337.22. The stock has a market capitalization of $94.29 billion, a P/E ratio of 37.29, a PEG ratio of 2.88 and a beta of 1.17. The Sherwin-Williams Company has a 52-week low of $249.49 and a 52-week high of $392.57.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share 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 return on equity of 74.45% and a net margin of 11.09%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.20 earnings per share. On average, analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

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.