Sompo Asset Management Co. Ltd. Sells 590 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sompo Asset Management Co. Ltd. reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 5.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC grew its stake in Sherwin-Williams by 102.3% in the 2nd 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. VitalStone Financial LLC boosted its stake in Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the period. Anfield Capital Management LLC bought a new stake in shares of Sherwin-Williams during the second quarter valued at about $38,000. Northwest Investment Counselors LLC purchased a new position in Sherwin-Williams during the first quarter valued at approximately $47,000. Finally, Rise Advisors LLC lifted its stake in Sherwin-Williams by 1,154.5% in the 1st quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock worth $48,000 after purchasing an additional 127 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHW. Robert W. Baird increased their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. UBS Group lifted their price target on Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Jefferies Financial Group raised their target price on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Evercore ISI increased their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $400.00 target price (up from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $362.68.

Sherwin-Williams Trading Down 0.3 %

NYSE:SHW opened at $378.52 on Friday. The firm has a market capitalization of $95.49 billion, a P/E ratio of 40.35, a P/E/G ratio of 2.98 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The company has a fifty day moving average of $353.82 and a 200 day moving average of $328.32. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $382.83.

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

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.715 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

About Sherwin-Williams

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.