Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Sherwin-Williams Co (NYSE:SHW) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,407 shares of the specialty chemicals company’s stock after purchasing an additional 3,137 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Sherwin-Williams were worth $12,135,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SHW. Wealthfront Advisers LLC grew its holdings in Sherwin-Williams by 1.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,449 shares of the specialty chemicals company’s stock valued at $1,429,000 after buying an additional 30 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Sherwin-Williams during the 4th quarter worth $71,000. Ballentine Partners LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at about $205,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $397,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Sherwin-Williams during the fourth quarter worth about $78,000. 78.09% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:SHW traded up $7.30 during trading on Friday, hitting $577.30. The company’s stock had a trading volume of 279,081 shares, compared to its average volume of 549,646. Sherwin-Williams Co has a fifty-two week low of $325.43 and a fifty-two week high of $599.95. The business has a 50 day moving average price of $512.13 and a two-hundred day moving average price of $546.59. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.57 and a current ratio of 0.94. The company has a market capitalization of $51.76 billion, a PE ratio of 33.35, a P/E/G ratio of 3.34 and a beta of 1.22.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Wednesday, April 29th. The specialty chemicals company reported $4.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.95 by $0.13. Sherwin-Williams had a return on equity of 53.04% and a net margin of 8.98%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the business posted $3.60 earnings per share. Sherwin-Williams’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts expect that Sherwin-Williams Co will post 19.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 21st. Sherwin-Williams’s dividend payout ratio (DPR) is presently 25.38%.
In other news, SVP Jane M. Cronin sold 908 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $492.14, for a total value of $446,863.12. Following the transaction, the senior vice president now owns 2,915 shares in the company, valued at approximately $1,434,588.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Aaron M. Erter sold 935 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $534.70, for a total value of $499,944.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,595 shares of company stock worth $4,231,947. 0.55% of the stock is owned by insiders.
Several equities analysts have weighed in on SHW shares. Cfra lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and decreased their target price for the company from $635.00 to $600.00 in a report on Thursday, January 30th. UBS Group increased their price objective on Sherwin-Williams from $480.00 to $520.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Loop Capital raised their target price on Sherwin-Williams from $530.00 to $585.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Royal Bank of Canada decreased their price target on Sherwin-Williams from $631.00 to $611.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, Bank of America downgraded Sherwin-Williams from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $610.00 to $500.00 in a research report on Friday, March 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $574.39.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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