Sompo Asset Management Co. Ltd. Has $2.97 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Sompo Asset Management Co. Ltd. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,750 shares of the specialty chemicals company's stock after selling 3,440 shares during the period. Sompo Asset Management Co. Ltd.'s holdings in Sherwin-Williams were worth $2,974,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Legacy Capital Wealth Partners LLC raised its position in Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 29 shares during the last quarter. Apella Capital LLC boosted its position in Sherwin-Williams by 2.1% during the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock worth $498,000 after buying an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in Sherwin-Williams by 0.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after acquiring an additional 30 shares during the last quarter. IMS Capital Management increased its position in Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after acquiring an additional 30 shares during the period. Finally, Coppell Advisory Solutions LLC increased its position in Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after acquiring an additional 30 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SHW has been the topic of several analyst reports. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, April 15th. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Royal Bank of Canada dropped their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $391.25.

Sherwin-Williams Stock Up 3.1 %

SHW stock opened at $332.18 on Wednesday. The stock's 50 day simple moving average is $343.54 and its 200 day simple moving average is $358.14. The company has a market cap of $83.55 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 quarter last year, the business earned $1.81 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams's dividend payout ratio is presently 29.95%.

About Sherwin-Williams

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.

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