Sherwin-Williams Co (NYSE:SHW) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Sherwin-Williams Co (NYSE:SHW) by 5.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,179 shares of the specialty chemicals company’s stock after acquiring an additional 665 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Sherwin-Williams were worth $5,246,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Securian Asset Management Inc raised its position in Sherwin-Williams by 1.2% during the first quarter. Securian Asset Management Inc now owns 8,690 shares of the specialty chemicals company’s stock worth $3,743,000 after acquiring an additional 100 shares during the period. Arrow Financial Corp raised its position in Sherwin-Williams by 3.1% during the first quarter. Arrow Financial Corp now owns 4,345 shares of the specialty chemicals company’s stock worth $1,872,000 after acquiring an additional 130 shares during the period. Daiwa Securities Group Inc. raised its position in Sherwin-Williams by 2.9% during the first quarter. Daiwa Securities Group Inc. now owns 3,205 shares of the specialty chemicals company’s stock worth $1,380,000 after acquiring an additional 90 shares during the period. World Asset Management Inc raised its position in Sherwin-Williams by 3.5% during the first quarter. World Asset Management Inc now owns 6,116 shares of the specialty chemicals company’s stock worth $2,634,000 after acquiring an additional 207 shares during the period. Finally, Krueger & Catalano Capital Partners LLC acquired a new position in Sherwin-Williams during the first quarter worth $1,745,000. 77.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SHW traded down $0.48 during mid-day trading on Wednesday, reaching $431.44. The company’s stock had a trading volume of 329,547 shares, compared to its average volume of 634,784. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 2.52. Sherwin-Williams Co has a 1-year low of $355.28 and a 1-year high of $479.64. The stock has a market capitalization of $40.22 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.63 by ($0.03). Sherwin-Williams had a net margin of 6.27% and a return on equity of 47.09%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the company posted $3.57 EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Sherwin-Williams Co will post 21.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 24.39%.

A number of research firms have weighed in on SHW. UBS Group upped their price objective on shares of Sherwin-Williams from $448.00 to $460.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Wells Fargo & Co upped their price objective on shares of Sherwin-Williams from $475.00 to $510.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Wolfe Research cut shares of Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 25th. Deutsche Bank upped their price objective on shares of Sherwin-Williams from $460.00 to $490.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Zacks Investment Research cut shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $480.05.

In related news, insider Robert F. Lynch sold 6,984 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $430.54, for a total value of $3,006,891.36. Following the completion of the sale, the insider now owns 13,855 shares of the company’s stock, valued at $5,965,131.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joel D. Baxter sold 7,621 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $439.15, for a total transaction of $3,346,762.15. Following the completion of the sale, the insider now directly owns 10,308 shares of the company’s stock, valued at approximately $4,526,758.20. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

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Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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