Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,614 shares of the specialty chemicals company’s stock after buying an additional 10,796 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.23% of Sherwin-Williams Company (The) worth $74,970,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Sherwin-Williams Company (The) by 27.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,674 shares of the specialty chemicals company’s stock worth $7,256,000 after buying an additional 4,415 shares during the period. Andra AP fonden raised its position in Sherwin-Williams Company (The) by 13.6% in the second quarter. Andra AP fonden now owns 14,200 shares of the specialty chemicals company’s stock worth $4,984,000 after buying an additional 1,700 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Sherwin-Williams Company (The) by 15.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 14,431 shares of the specialty chemicals company’s stock worth $5,064,000 after buying an additional 1,900 shares during the period. Boys Arnold & Co. Inc. raised its position in Sherwin-Williams Company (The) by 0.3% in the second quarter. Boys Arnold & Co. Inc. now owns 14,666 shares of the specialty chemicals company’s stock worth $5,147,000 after buying an additional 42 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Sherwin-Williams Company (The) by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.
Shares of Sherwin-Williams Company (NYSE:SHW) opened at 339.16 on Friday. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $362.57. The company has a 50-day moving average price of $342.66 and a 200 day moving average price of $330.76. The stock has a market capitalization of $31.49 billion, a P/E ratio of 27.96 and a beta of 1.23.
Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.06 earnings per share. Analysts forecast that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a $0.85 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $3.40 annualized dividend and a dividend yield of 1.00%. Sherwin-Williams Company (The)’s dividend payout ratio is presently 28.05%.
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A number of research firms recently weighed in on SHW. BidaskClub upgraded Sherwin-Williams Company (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday. UBS AG reiterated a “neutral” rating and issued a $375.00 price target (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 26th. J P Morgan Chase & Co began coverage on Sherwin-Williams Company (The) in a research report on Monday, July 24th. They issued a “neutral” rating and a $365.00 price target for the company. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target for the company in a research report on Sunday, July 23rd. Finally, Northcoast Research reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $360.10.
About Sherwin-Williams Company (The)
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.
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