Sompo Asset Management Co. Ltd. Has $3.35 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Sompo Asset Management Co. Ltd. cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,240 shares of the specialty chemicals company’s stock after selling 590 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Sherwin-Williams were worth $3,354,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Capital World Investors boosted its position in shares of Sherwin-Williams by 38.9% during the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after acquiring an additional 1,075,351 shares in the last quarter. PineStone Asset Management Inc. lifted its holdings in shares of Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after acquiring an additional 917,979 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Sherwin-Williams by 610.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock valued at $311,971,000 after purchasing an additional 898,143 shares in the last quarter. Jensen Investment Management Inc. bought a new stake in shares of Sherwin-Williams during the 2nd quarter valued at approximately $169,770,000. Finally, Public Employees Retirement Association of Colorado lifted its stake in Sherwin-Williams by 8,986.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock valued at $166,592,000 after purchasing an additional 528,243 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on SHW. The Goldman Sachs Group boosted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 price objective (up previously from $386.00) on shares of Sherwin-Williams in a research note on Wednesday, September 4th. Jefferies Financial Group lifted their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. KeyCorp upped their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Barclays boosted their price objective on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Trading Down 0.3 %

NYSE:SHW opened at $378.52 on Friday. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $382.83. The company has a market cap of $95.49 billion, a PE ratio of 40.35, a PEG ratio of 2.98 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The firm has a 50-day moving average of $353.82 and a 200-day moving average of $328.32.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.29 earnings per share. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio is currently 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.