Global X Japan Co. Ltd. Purchases 30 Shares of The Sherwin-Williams Company (NYSE:SHW)

Global X Japan Co. Ltd. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,403 shares of the specialty chemicals company’s stock after purchasing an additional 30 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Sherwin-Williams were worth $419,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. LGT Fund Management Co Ltd. lifted its stake in shares of Sherwin-Williams by 440.8% in the second quarter. LGT Fund Management Co Ltd. now owns 12,654 shares of the specialty chemicals company’s stock valued at $3,776,000 after buying an additional 10,314 shares in the last quarter. LGT Group Foundation lifted its position in Sherwin-Williams by 20.0% in the 2nd quarter. LGT Group Foundation now owns 159,041 shares of the specialty chemicals company’s stock valued at $47,463,000 after acquiring an additional 26,531 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in Sherwin-Williams during the 2nd quarter valued at about $332,000. Choreo LLC bought a new stake in Sherwin-Williams during the 2nd quarter worth approximately $2,465,000. Finally, Wedbush Securities Inc. raised its stake in shares of Sherwin-Williams by 22.2% in the second quarter. Wedbush Securities Inc. now owns 3,572 shares of the specialty chemicals company’s stock worth $1,066,000 after purchasing an additional 650 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SHW has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Robert W. Baird upped their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Jefferies Financial Group raised their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Morgan Stanley upped their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group lifted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $362.68.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $363.90 on Tuesday. The firm has a market capitalization of $91.80 billion, a PE ratio of 38.80, a P/E/G ratio of 2.83 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The company has a 50-day moving average price of $340.58 and a two-hundred day moving average price of $325.35. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $371.19.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period in the previous year, the business earned $3.29 EPS. Sherwin-Williams’s revenue was up .5% compared to the same quarter last year. Equities analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.79%. Sherwin-Williams’s payout ratio is 30.49%.

Insider Buying and Selling

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s 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 sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams 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.