Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in The Sherwin-Williams Company $SHW

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, HoldingsChannel reports. The firm purchased 864,313 shares of the specialty chemicals company’s stock, valued at approximately $297,600,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC boosted its stake in shares of Sherwin-Williams by 172.4% in the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Ares Financial Consulting LLC purchased a new position in Sherwin-Williams in the fourth quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams in the fourth quarter valued at $27,000. Whipplewood Advisors LLC acquired a new stake in Sherwin-Williams in the first quarter valued at $28,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth $30,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider owned 11,944 shares in the company, valued at $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SHW. The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a research report on Tuesday, July 28th. BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. Finally, Evercore restated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $385.44.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $349.57 on Tuesday. The firm has a 50 day simple moving average of $337.29 and a 200-day simple moving average of $332.81. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The firm has a market cap of $84.86 billion, a PE ratio of 32.22, a P/E/G ratio of 2.68 and a beta of 1.10. The Sherwin-Williams Company has a 1-year low of $289.86 and a 1-year high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts expect that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio is currently 29.49%.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.