Sumitomo Mitsui DS Asset Management Company Ltd Buys 16,587 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,872 shares of the specialty chemicals company's stock after purchasing an additional 16,587 shares during the period. Sherwin-Williams comprises approximately 0.9% of Sumitomo Mitsui DS Asset Management Company Ltd's investment portfolio, making the stock its 25th largest holding. Sumitomo Mitsui DS Asset Management Company Ltd owned 0.10% of Sherwin-Williams worth $91,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Perkins Coie Trust Co bought a new position in Sherwin-Williams during the first quarter valued at $27,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams in the fourth quarter worth $28,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams in the 1st quarter worth about $30,000. Finally, WR Wealth Planners LLC raised its stake in Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after acquiring an additional 35 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

SHW traded up $12.07 during trading on Tuesday, reaching $355.43. The stock had a trading volume of 2,310,237 shares, compared to its average volume of 1,720,275. The business has a 50-day moving average of $349.63 and a 200-day moving average of $348.01. The Sherwin-Williams Company has a one year low of $292.33 and a one year high of $400.42. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The stock has a market cap of $89.07 billion, a PE ratio of 33.59, a PEG ratio of 3.11 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.17 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.87%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research reports. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Royal Bank Of Canada lifted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Morgan Stanley reduced their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Mizuho set a $395.00 target price on Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Bank of America upped their price target on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $391.31.

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.