Sumitomo Mitsui Asset Management Company LTD Buys 57 Shares of Sherwin-Williams Company (The) (NYSE:SHW)

Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,725 shares of the specialty chemicals company’s stock after buying an additional 57 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Sherwin-Williams Company (The) were worth $2,360,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new stake in Sherwin-Williams Company (The) during the first quarter valued at approximately $106,000. Barometer Capital Management Inc. bought a new stake in Sherwin-Williams Company (The) during the first quarter valued at approximately $124,000. Financial Architects Inc increased its stake in Sherwin-Williams Company (The) by 218.4% in the first quarter. Financial Architects Inc now owns 433 shares of the specialty chemicals company’s stock valued at $134,000 after buying an additional 297 shares during the period. State of Alaska Department of Revenue bought a new stake in Sherwin-Williams Company (The) during the first quarter valued at approximately $139,000. Finally, Parallel Advisors LLC increased its stake in Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares during the period. Institutional investors own 72.92% of the company’s stock.

Sherwin-Williams Company (NYSE:SHW) traded down 0.05% during mid-day trading on Friday, reaching $331.88. The company had a trading volume of 509,013 shares. The stock’s 50-day moving average price is $348.21 and its 200 day moving average price is $328.31. The firm has a market capitalization of $30.81 billion, a PE ratio of 27.36 and a beta of 1.23. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $362.57.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the firm posted $4.06 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities research analysts predict that Sherwin-Williams Company will post $15.00 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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SHW has been the topic of several analyst reports. Credit Suisse Group set a $344.00 target price on Sherwin-Williams Company (The) and gave the stock a “buy” rating in a report on Thursday, April 20th. Citigroup Inc. reissued a “buy” rating and issued a $410.00 target price on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. Longbow Research raised Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) initiated coverage on Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They issued a “buy” rating and a $403.00 price target for the company. Finally, Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research note on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $360.10.

In related news, insider Joel D. Baxter sold 5,470 shares of Sherwin-Williams Company (The) stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $335.50, for a total value of $1,835,185.00. Following the sale, the insider now directly owns 8,523 shares in the company, valued at approximately $2,859,466.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.69% of the company’s stock.

Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Institutional Ownership by Quarter for Sherwin-Williams Company (The) (NYSE:SHW)

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