Global X Japan Co. Ltd. Sells 132 Shares of The Sherwin-Williams Company (NYSE:SHW)

Global X Japan Co. Ltd. decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,271 shares of the specialty chemicals company’s stock after selling 132 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Sherwin-Williams were worth $485,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SHW. HHM Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares during the period. Semmax Financial Advisors Inc. grew its stake in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares during the period. VitalStone Financial LLC increased its holdings in shares of Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Anfield Capital Management LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth about $38,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at about $41,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock opened at $361.27 on Wednesday. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $392.57. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The stock has a market cap of $91.13 billion, a PE ratio of 36.83, a P/E/G ratio of 3.04 and a beta of 1.17. The firm has a 50 day simple moving average of $371.59 and a two-hundred day simple moving average of $334.45.

Sherwin-Williams (NYSE:SHW) last announced 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 net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the company earned $3.20 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts predict that The Sherwin-Williams Company will post 11.49 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s payout ratio is 29.15%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SHW. Evercore ISI raised their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Morgan Stanley upped their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.41.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

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.