Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 10.3% during the second quarter, Holdings Channel reports. The fund owned 12,209 shares of the specialty chemicals company’s stock after selling 1,407 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Sherwin-Williams Company (The) were worth $4,285,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Sherwin-Williams Company (The) by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,276,033 shares of the specialty chemicals company’s stock valued at $1,946,763,000 after buying an additional 365,675 shares during the last quarter. BlackRock Inc. increased its stake in shares of Sherwin-Williams Company (The) by 1,591.2% in the first quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock valued at $1,634,079,000 after buying an additional 4,956,505 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Sherwin-Williams Company (The) by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock valued at $1,322,887,000 after buying an additional 136,991 shares during the last quarter. State Street Corp increased its stake in shares of Sherwin-Williams Company (The) by 1.0% in the first quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock valued at $1,188,731,000 after buying an additional 39,010 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Sherwin-Williams Company (The) by 10.9% in the first quarter. FMR LLC now owns 3,433,712 shares of the specialty chemicals company’s stock valued at $1,065,103,000 after buying an additional 338,320 shares during the last quarter. 72.92% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Company (SHW) opened at 331.88 on Friday. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57. The firm has a market capitalization of $30.81 billion, a PE ratio of 27.36 and a beta of 1.23. The company has a 50 day moving average price of $348.21 and a 200-day moving average price of $328.31.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $4.06 EPS. On average, equities analysts predict that Sherwin-Williams Company will post $15.00 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.

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SHW has been the topic of several recent analyst reports. Zacks Investment Research downgraded Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Jefferies Group LLC initiated coverage on Sherwin-Williams Company (The) in a research note on Friday, May 26th. They set a “hold” rating and a $364.00 target price on the stock. BidaskClub downgraded Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. UBS AG reaffirmed a “neutral” rating and set a $375.00 target price (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 26th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Sherwin-Williams Company (The) has a consensus rating of “Hold” and an average target price of $360.10.

In other news, insider Joel D. Baxter sold 5,470 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $335.50, for a total value of $1,835,185.00. Following the transaction, the insider now owns 8,523 shares of the company’s stock, valued at approximately $2,859,466.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.69% of the company’s stock.

Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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Institutional Ownership by Quarter for Sherwin-Williams Company (The) (NYSE:SHW)

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