Sherwin-Williams Company (The) (SHW) Shares Bought by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. raised its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,942 shares of the specialty chemicals company’s stock after buying an additional 166 shares during the period. Sumitomo Life Insurance Co.’s holdings in Sherwin-Williams Company (The) were worth $1,383,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Alpha Cubed Investments LLC increased its stake in shares of Sherwin-Williams Company (The) by 18.2% in the first quarter. Alpha Cubed Investments LLC now owns 2,569 shares of the specialty chemicals company’s stock worth $797,000 after buying an additional 395 shares in the last quarter. Fairfax Financial Holdings Ltd Can purchased a new stake in shares of Sherwin-Williams Company (The) during the first quarter worth approximately $212,000. Rockland Trust Co. increased its position in Sherwin-Williams Company (The) by 1.6% in the first quarter. Rockland Trust Co. now owns 31,600 shares of the specialty chemicals company’s stock valued at $9,802,000 after buying an additional 493 shares during the period. WealthTrust Fairport LLC increased its position in Sherwin-Williams Company (The) by 0.7% in the first quarter. WealthTrust Fairport LLC now owns 18,341 shares of the specialty chemicals company’s stock valued at $5,689,000 after buying an additional 134 shares during the period. Finally, BP PLC increased its position in Sherwin-Williams Company (The) by 140.0% in the first quarter. BP PLC now owns 9,600 shares of the specialty chemicals company’s stock valued at $2,977,000 after buying an additional 5,600 shares during the period. Hedge funds and other institutional investors own 72.69% of the company’s stock.

Shares of Sherwin-Williams Company (NYSE:SHW) opened at 328.97 on Friday. The company has a market capitalization of $30.54 billion, a price-to-earnings ratio of 27.12 and a beta of 1.23. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57. The stock has a 50 day moving average price of $344.62 and a 200-day moving average price of $329.62.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. Sherwin-Williams Company (The)’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.06 EPS. On average, equities research analysts expect that Sherwin-Williams Company will post $15.00 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 28.05%.

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SHW has been the subject of a number of recent analyst reports. Zacks Investment Research raised Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Thursday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $375.00 price target (up from $335.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, May 17th. Barclays PLC raised their price target on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a report on Monday, April 24th. Jefferies Group LLC assumed coverage on Sherwin-Williams Company (The) in a report on Friday, May 26th. They set a “hold” rating and a $364.00 price target for the company. Finally, Northcoast Research reissued a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Sherwin-Williams Company (The) has a consensus rating of “Hold” and a consensus price target of $360.10.

About Sherwin-Williams Company (The)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Institutional Ownership by Quarter for Sherwin-Williams Company (The) (NYSE:SHW)

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