Mitsubishi UFJ Asset Management Co. Ltd. Has $219.95 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 79.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 653,548 shares of the specialty chemicals company's stock after acquiring an additional 289,450 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.26% of Sherwin-Williams worth $219,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Principal Financial Group Inc. increased its position in shares of Sherwin-Williams by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock valued at $399,675,000 after purchasing an additional 10,709 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in Sherwin-Williams by 9.0% in the third quarter. Kingsview Wealth Management LLC now owns 960 shares of the specialty chemicals company's stock valued at $366,000 after buying an additional 79 shares during the last quarter. Larson Financial Group LLC increased its holdings in Sherwin-Williams by 176.6% in the third quarter. Larson Financial Group LLC now owns 1,065 shares of the specialty chemicals company's stock valued at $406,000 after buying an additional 680 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Sherwin-Williams in the third quarter valued at $1,049,000. Finally, Associated Banc Corp purchased a new stake in Sherwin-Williams during the 3rd quarter worth about $201,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

NYSE:SHW traded up $4.59 during midday trading on Monday, reaching $344.34. The stock had a trading volume of 405,840 shares, compared to its average volume of 1,724,984. The stock has a market capitalization of $86.61 billion, a P/E ratio of 32.62, a PEG ratio of 2.98 and a beta of 1.23. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The firm's fifty day simple moving average is $353.59 and its 200-day simple moving average is $363.80.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the prior year, the business earned $1.81 EPS. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams's dividend payout ratio is currently 29.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SHW shares. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, Mizuho reduced their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $401.13.

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.