The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Sompo Asset Management Co. Ltd.

by · The Cerbat Gem

Sompo Asset Management Co. Ltd. grew its stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,190 shares of the specialty chemicals company’s stock after buying an additional 950 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Sherwin-Williams were worth $4,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Swedbank AB lifted its holdings in shares of Sherwin-Williams by 4.2% during the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock worth $44,676,000 after purchasing an additional 4,681 shares during the period. Kingsview Wealth Management LLC raised its position in Sherwin-Williams by 9.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 960 shares of the specialty chemicals company’s stock worth $366,000 after buying an additional 79 shares during the last quarter. Cerity Partners LLC lifted its stake in Sherwin-Williams by 6.6% during the 3rd quarter. Cerity Partners LLC now owns 83,803 shares of the specialty chemicals company’s stock valued at $31,985,000 after acquiring an additional 5,201 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in shares of Sherwin-Williams by 35.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,726 shares of the specialty chemicals company’s stock valued at $1,041,000 after acquiring an additional 716 shares during the last quarter. Finally, Leelyn Smith LLC acquired a new stake in shares of Sherwin-Williams in the third quarter worth $247,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This trade represents a 18.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $388.30 on Friday. The stock has a market capitalization of $97.79 billion, a P/E ratio of 38.68, a PEG ratio of 3.09 and a beta of 1.17. The business has a 50 day simple moving average of $377.13 and a two-hundred day simple moving average of $344.36. The Sherwin-Williams Company has a 12 month low of $272.34 and a 12 month high of $392.57. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the company posted $3.20 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup reduced their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company upped their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $396.47.

Check Out Our Latest Stock Analysis on SHW

Sherwin-Williams Company Profile

(Free Report)

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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