Asset Management One Co. Ltd. cut its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,266 shares of the specialty chemicals company’s stock after selling 1,454 shares during the period. Asset Management One Co. Ltd. owned approximately 0.14% of Sherwin-Williams worth $46,992,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Sherwin-Williams by 5.0% during the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after buying an additional 315,903 shares during the last quarter. BlackRock Inc. boosted its position in shares of Sherwin-Williams by 3.9% during the second quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after buying an additional 204,766 shares during the last quarter. FMR LLC boosted its position in shares of Sherwin-Williams by 18.1% during the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after buying an additional 621,190 shares during the last quarter. Fiera Capital Corp boosted its position in shares of Sherwin-Williams by 11.3% during the second quarter. Fiera Capital Corp now owns 1,282,221 shares of the specialty chemicals company’s stock valued at $450,009,000 after buying an additional 130,002 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Sherwin-Williams by 30.6% in the third quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares during the period. 75.98% of the stock is currently owned by institutional investors.
Sherwin-Williams Co (NYSE SHW) traded up $3.46 during midday trading on Friday, hitting $403.82. The stock had a trading volume of 865,903 shares, compared to its average volume of 436,356. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. Sherwin-Williams Co has a 1 year low of $265.14 and a 1 year high of $413.98. The company has a market capitalization of $37,760.00, a P/E ratio of 29.11, a P/E/G ratio of 2.25 and a beta of 1.22.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter last year, the company earned $4.23 earnings per share. The business’s revenue for the quarter was up 37.4% compared to the same quarter last year. analysts forecast that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 28.81%.
In related news, SVP Robert J. Wells sold 2,946 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the completion of the sale, the senior vice president now owns 18,363 shares in the company, valued at $7,512,486.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joel D. Baxter sold 2,376 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock valued at $5,969,846 in the last quarter. 1.69% of the stock is currently owned by company insiders.
A number of research analysts have weighed in on the company. Royal Bank of Canada reissued a “buy” rating and issued a $455.00 target price on shares of Sherwin-Williams in a report on Thursday. Robert W. Baird reissued a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Friday, September 29th. Zacks Investment Research downgraded Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub raised Sherwin-Williams from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Northcoast Research reissued a “buy” rating and issued a $435.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $404.10.
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.
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.