The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 24.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,323 shares of the specialty chemicals company's stock after acquiring an additional 9,962 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Sherwin-Williams were worth $17,465,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Voleon Capital Management LP purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at $2,011,000. Kingswood Wealth Advisors LLC boosted its stake in Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after buying an additional 201 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Sherwin-Williams in the 1st quarter valued at about $306,000. Wealthcare Advisory Partners LLC increased its stake in shares of Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after acquiring an additional 137 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of Sherwin-Williams by 2.7% during the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock worth $2,050,000 after acquiring an additional 161 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 1.2%

SHW stock opened at $346.03 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.45 and a debt-to-equity ratio of 1.90. The firm has a 50 day simple moving average of $349.22 and a 200-day simple moving average of $348.16. The company has a market capitalization of $86.72 billion, a P/E ratio of 32.71, a PEG ratio of 3.11 and a beta of 1.21. The Sherwin-Williams Company has a twelve month low of $292.33 and a twelve month high of $400.42.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.91%. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group restated a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Morgan Stanley lowered their price objective 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. Citigroup downgraded Sherwin-Williams from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $405.00 to $385.00 in a report on Friday, June 13th. UBS Group cut their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $391.31.

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.

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