Sumitomo Mitsui Trust Group Inc. Buys 48,013 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 586,316 shares of the specialty chemicals company's stock after acquiring an additional 48,013 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Sherwin-Williams worth $223,779,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Valued Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services bought a new position in Sherwin-Williams in the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 28 shares during the period. HHM Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after purchasing an additional 45 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in Sherwin-Williams during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Evercore ISI lifted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Barclays upped their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. UBS Group reissued an "underperform" rating on shares of Sherwin-Williams in a report on Friday, October 18th. Finally, Redburn Atlantic raised shares of Sherwin-Williams to a "strong-buy" rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $396.47.

Sherwin-Williams Trading Up 0.9 %

Shares of SHW traded up $3.62 during mid-day trading on Wednesday, reaching $387.29. The company's stock had a trading volume of 1,171,018 shares, compared to its average volume of 1,635,756. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 52 week low of $258.52 and a 52 week high of $392.57. The company's fifty day moving average price is $375.00 and its two-hundred day moving average price is $340.53. The stock has a market cap of $97.54 billion, a PE ratio of 38.72, a P/E/G ratio of 3.09 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the firm earned $3.20 earnings per share. The business's revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams's payout ratio is 28.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares of the company's stock, valued at $23,301,041.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.60% of the company's stock.

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.