The Sherwin-Williams Company $SHW Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,137 shares of the specialty chemicals company’s stock, valued at approximately $32,371,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GK Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the third quarter worth about $25,000. Wilkerson Advisory Group LLC raised its position 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 purchasing an additional 50 shares during the period. Montgomery Financial Services LLC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter valued at approximately $29,000. Whipplewood Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter valued at approximately $28,000. Finally, Tacita Capital Inc bought a new position in Sherwin-Williams in the 2nd quarter worth approximately $30,000. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lowered their target price on shares of Sherwin-Williams from $380.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Barclays set a $329.00 target price on Sherwin-Williams and gave the stock an “equal weight” rating in a research report on Wednesday, October 28th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $353.00 price target on shares of Sherwin-Williams in a report on Tuesday, October 27th. Finally, Rothschild & Co Redburn lifted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $377.29.

Sherwin-Williams Price Performance

SHW stock opened at $352.51 on Tuesday. The firm has a 50 day moving average of $329.52 and a 200-day moving average of $333.12. The firm has a market capitalization of $85.16 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $3.59 EPS. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12.02 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be given 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 is Friday, November 13th. Sherwin-Williams’s payout ratio is 29.41%.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams 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 completion of the sale, the insider owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin Binns sold 13,500 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the transaction, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.