Sumitomo Mitsui Trust Group Inc. Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 836,761 shares of the specialty chemicals company's stock after selling 27,797 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.33% of Sherwin-Williams worth $292,189,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC boosted its stake in shares of Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after purchasing an additional 30 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after purchasing an additional 32 shares in the last quarter. Ashton Thomas Securities LLC boosted its stake in Sherwin-Williams by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock valued at $757,000 after acquiring an additional 34 shares in the last quarter. WR Wealth Planners LLC boosted its stake in Sherwin-Williams by 41.7% in the fourth 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 in the last quarter. Finally, Avantax Planning Partners Inc. boosted its stake in Sherwin-Williams by 2.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company's stock valued at $515,000 after acquiring an additional 35 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 1.2%

Shares of Sherwin-Williams stock opened at $346.03 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The firm has a fifty day moving average price of $349.22 and a 200 day moving average price of $348.46. The Sherwin-Williams Company has a 1 year low of $292.33 and a 1 year high of $400.42. The stock has a market cap of $86.72 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 3.07 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The firm had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. During the same quarter last year, the company posted $2.17 earnings per share. The firm's revenue was down 1.1% compared to the same quarter last year. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current 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. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.91%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SHW shares. Royal Bank Of Canada raised their target price 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. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Bank of America raised their target price on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. Morgan Stanley lowered their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays lowered their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. One research 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 company's stock. According to MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average 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.

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