Mitsubishi UFJ Trust & Banking Corp Has $63.94 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 188,092 shares of the specialty chemicals company's stock after selling 23,709 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Sherwin-Williams worth $63,938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Legacy Capital Wealth Partners LLC raised its position in shares of Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after buying an additional 29 shares in the last quarter. Apella Capital LLC raised its holdings in Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock worth $498,000 after purchasing an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after purchasing an additional 30 shares during the period. IMS Capital Management boosted its stake in Sherwin-Williams by 2.4% during the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after purchasing an additional 30 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Sherwin-Williams by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company's stock worth $2,835,000 after buying an additional 31 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 completion of the sale, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction 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.

Wall Street Analyst Weigh In

SHW has been the subject of several research reports. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research note on Friday, January 31st. Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Citigroup reaffirmed a "buy" rating and issued a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Jefferies Financial Group reissued a "hold" rating and set a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Finally, Royal Bank of Canada dropped their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $401.13.

Sherwin-Williams Stock Down 1.7 %

Shares of NYSE:SHW traded down $5.88 during trading on Friday, reaching $339.77. 1,304,583 shares of the company traded hands, compared to its average volume of 1,730,061. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a market cap of $85.46 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The firm has a fifty day simple moving average of $353.59 and a 200 day simple moving average of $363.86.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the company earned $1.81 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date was Monday, March 3rd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Sherwin-Williams Company 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.