Sumitomo Mitsui DS Asset Management Company Ltd Purchases 213,076 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 682.7% in the 4th quarter, Holdings Channel reports. The firm owned 244,285 shares of the specialty chemicals company’s stock after buying an additional 213,076 shares during the period. Sherwin-Williams accounts for about 0.8% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 25th largest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Sherwin-Williams were worth $83,040,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in Sherwin-Williams by 47.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock valued at $293,889,000 after buying an additional 278,242 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $169,000. McHugh Group LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $204,000. Silver Oak Securities Incorporated increased its position in Sherwin-Williams by 72.0% during the 4th quarter. Silver Oak Securities Incorporated now owns 2,576 shares of the specialty chemicals company’s stock worth $873,000 after purchasing an additional 1,078 shares in the last quarter. Finally, YANKCOM Partnership bought a new position in Sherwin-Williams in the 4th quarter valued at approximately $131,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In other news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Up 0.1 %

Shares of NYSE:SHW opened at $364.95 on Friday. The business’s 50-day moving average is $357.45 and its 200-day moving average is $364.34. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a market capitalization of $91.91 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $1.81 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12.12 earnings per share for the current year.

Wall Street Analyst Weigh In

SHW has been the subject of several research analyst reports. Barclays upped their price target 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. Robert W. Baird increased their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Mizuho reduced their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $400.00.

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.