The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 57.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,472 shares of the specialty chemicals company's stock after acquiring an additional 14,011 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Sherwin-Williams were worth $13,078,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SHW. Capital Investment Advisors LLC lifted its position in Sherwin-Williams by 5.6% during the fourth quarter. Capital Investment Advisors LLC now owns 737 shares of the specialty chemicals company's stock worth $251,000 after buying an additional 39 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Sherwin-Williams by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,531 shares of the specialty chemicals company's stock worth $1,200,000 after acquiring an additional 77 shares during the period. Kathmere Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 7.5% during the 4th quarter. Kathmere Capital Management LLC now owns 2,379 shares of the specialty chemicals company's stock worth $809,000 after acquiring an additional 167 shares during the period. Park Avenue Securities LLC boosted its position in shares of Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after acquiring an additional 2,303 shares during the last quarter. Finally, Apella Capital LLC grew its holdings in Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after purchasing an additional 30 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $361.45 on Friday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The company has a market capitalization of $90.58 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The firm's fifty day moving average price is $341.42 and its 200 day moving average price is $355.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The business 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 74.50% and a net margin of 11.61%. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.17 earnings per share. On average, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.87%. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SHW shares. Citigroup cut their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price target for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued 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 $397.00.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. This trade represents a 34.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

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.

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