Sumitomo Mitsui Trust Group Inc. Purchases 48,013 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sumitomo Mitsui Trust Group Inc. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 586,316 shares of the specialty chemicals company’s stock after buying an additional 48,013 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Sherwin-Williams were worth $223,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Valued Wealth Advisors LLC increased its holdings in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. HHM Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares in the last quarter. First Personal Financial Services bought a new position in shares of Sherwin-Williams in the third quarter valued at about $29,000. Semmax Financial Advisors Inc. lifted its position in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares in the last quarter. Finally, VitalStone Financial LLC grew its holdings in Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SHW shares. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

Sherwin-Williams Stock Performance

SHW opened at $383.67 on Wednesday. The firm has a market cap of $96.63 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 3.14 and a beta of 1.17. The business’s fifty day moving average is $374.60 and its 200-day moving average is $339.99. The Sherwin-Williams Company has a 52-week low of $252.75 and a 52-week high of $392.57. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.20 earnings per share. Sell-side analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.75%. Sherwin-Williams’s payout ratio is 28.49%.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams 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.