Asset Management One Co. Ltd. Purchases 10,670 Shares of The Sherwin-Williams Company (NYSE:SHW)

Asset Management One Co. Ltd. boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,352 shares of the specialty chemicals company's stock after purchasing an additional 10,670 shares during the period. Asset Management One Co. Ltd. owned about 0.09% of Sherwin-Williams worth $74,850,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $26,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $27,000. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $28,000. Finally, WR Wealth Planners LLC increased its holdings in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. Bank of America raised their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday. UBS Group lowered their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price target for the company from $405.00 to $385.00 in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $391.31.

Sherwin-Williams Trading Up 0.6%

SHW stock traded up $2.03 during midday trading on Tuesday, reaching $345.80. The company's stock had a trading volume of 1,584,065 shares, compared to its average volume of 1,724,793. The Sherwin-Williams Company has a 52 week low of $292.27 and a 52 week high of $400.42. The stock has a market cap of $86.66 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 3.12 and a beta of 1.21. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The business's 50-day simple moving average is $348.54 and its 200-day simple moving average is $348.90.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (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 analysts' expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $2.17 earnings per share. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $0.79 per share. 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 is 29.87%.

Sherwin-Williams Company 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.