Global X Japan Co. Ltd. Acquires 242 Shares of The Sherwin-Williams Company (NYSE:SHW)

Global X Japan Co. Ltd. lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 16.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,681 shares of the specialty chemicals company’s stock after buying an additional 242 shares during the period. Global X Japan Co. Ltd.’s holdings in Sherwin-Williams were worth $587,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SHW. Midwest Capital Advisors LLC purchased a new position in Sherwin-Williams in the fourth quarter worth about $26,000. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $27,000. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $27,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams during the 4th quarter valued at approximately $28,000. Finally, Sierra Ocean LLC purchased a new stake in Sherwin-Williams during the 4th quarter valued at $36,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $331.08 on Thursday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The company has a market capitalization of $82.97 billion, a PE ratio of 31.29, a P/E/G ratio of 3.00 and a beta of 1.21. The company has a 50 day moving average price of $348.37 and a 200-day moving average price of $350.63. The Sherwin-Williams Company has a fifty-two week low of $292.27 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the company posted $2.17 EPS. Sherwin-Williams’s revenue was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.79 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams’s payout ratio is currently 29.87%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $405.00 to $385.00 in a research note on Friday, June 13th. Royal Bank Of Canada lifted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. UBS Group cut their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company upgraded Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $397.67.

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.