Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in The Sherwin-Williams Company (NYSE:SHW)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,607 shares of the specialty chemicals company’s stock after purchasing an additional 725 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Sherwin-Williams were worth $9,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. iA Global Asset Management Inc. increased its stake in Sherwin-Williams by 207.7% during the second quarter. iA Global Asset Management Inc. now owns 37,741 shares of the specialty chemicals company’s stock worth $11,263,000 after purchasing an additional 25,474 shares during the period. Modera Wealth Management LLC increased its stake in Sherwin-Williams by 3.0% during the 2nd quarter. Modera Wealth Management LLC now owns 1,287 shares of the specialty chemicals company’s stock worth $384,000 after buying an additional 37 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Sherwin-Williams by 2.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 14,234 shares of the specialty chemicals company’s stock worth $4,248,000 after buying an additional 340 shares in the last quarter. Principal Financial Group Inc. boosted its position in Sherwin-Williams by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,036,465 shares of the specialty chemicals company’s stock valued at $309,312,000 after buying an additional 2,924 shares during the period. Finally, Crewe Advisors LLC increased its position in shares of Sherwin-Williams by 2.7% during the second quarter. Crewe Advisors LLC now owns 3,058 shares of the specialty chemicals company’s stock worth $913,000 after acquiring an additional 79 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on SHW shares. UBS Group lifted their target price on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research note on Friday. Jefferies Financial Group upped their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley increased their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.95.

Sherwin-Williams Stock Up 2.4 %

Sherwin-Williams stock opened at $369.44 on Friday. The stock has a 50-day simple moving average of $331.27 and a 200-day simple moving average of $322.61. The company has a market capitalization of $93.67 billion, a P/E ratio of 39.39, a PEG ratio of 2.79 and a beta of 1.16. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $370.27.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.29 earnings per share. Equities research analysts expect that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $0.715 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.77%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Sherwin-Williams Company Profile

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.