Mirae Asset Global Investments Co. Ltd. Purchases 12,618 Shares of The Sherwin-Williams Company (NYSE:SHW)

Mirae Asset Global Investments Co. Ltd. boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 19.9% in the 1st quarter, Holdings Channel reports. The firm owned 76,156 shares of the specialty chemicals company’s stock after buying an additional 12,618 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Sherwin-Williams were worth $26,451,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Sherwin-Williams in the fourth quarter worth about $38,444,000. AIA Group Ltd raised its stake in shares of Sherwin-Williams by 20.8% during the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after acquiring an additional 2,810 shares in the last quarter. Simplicity Solutions LLC raised its stake in shares of Sherwin-Williams by 182.2% during the fourth quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock valued at $3,337,000 after acquiring an additional 6,909 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Sherwin-Williams by 5.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock valued at $77,510,000 after acquiring an additional 13,984 shares in the last quarter. Finally, Waterloo Capital L.P. bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $360,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.5 %

NYSE SHW traded down $1.52 on Friday, hitting $295.70. The stock had a trading volume of 1,098,019 shares, compared to its average volume of 1,652,406. The stock has a market cap of $74.97 billion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 2.39 and a beta of 1.16. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $348.37. The business’s fifty day moving average price is $304.16 and its 200 day moving average price is $313.01.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. Sherwin-Williams’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $2.04 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SHW. Mizuho decreased their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Loop Capital decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Robert W. Baird boosted their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $343.41.

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.