The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in The Sherwin-Williams Company (NYSE:SHW) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,854 shares of the specialty chemicals company’s stock after acquiring an additional 231 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Sherwin-Williams were worth $2,762,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SHW. FMR LLC increased its position in Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in Sherwin-Williams during the fourth quarter worth about $432,737,000. International Assets Investment Management LLC boosted its stake in Sherwin-Williams by 2,853.9% in the 4th quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock worth $202,793,000 after buying an additional 628,175 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Sherwin-Williams by 188.3% in the third quarter. The Manufacturers Life Insurance Company now owns 758,914 shares of the specialty chemicals company’s stock valued at $193,561,000 after purchasing an additional 495,668 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Sherwin-Williams by 49.7% during the third quarter. Envestnet Asset Management Inc. now owns 985,909 shares of the specialty chemicals company’s stock valued at $251,456,000 after acquiring an additional 327,372 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 in the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SHW shares. Mizuho decreased their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their target price for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Wells Fargo & Company boosted their price target on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Barclays increased their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Finally, Wolfe Research started coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $336.89.

Sherwin-Williams Trading Up 1.0 %

NYSE SHW traded up $2.90 on Thursday, reaching $306.63. The company had a trading volume of 792,237 shares, compared to its average volume of 1,445,862. The business has a 50 day moving average of $328.26 and a two-hundred day moving average of $298.77. The Sherwin-Williams Company has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The firm has a market cap of $78.03 billion, a price-to-earnings ratio of 32.38, a P/E/G ratio of 2.39 and a beta of 1.15. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts forecast that The Sherwin-Williams Company will post 11.46 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

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.