Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in The Sherwin-Williams Company $SHW

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in The Sherwin-Williams Company (NYSE:SHW) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 768,262 shares of the specialty chemicals company’s stock after purchasing an additional 49,945 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Sherwin-Williams were worth $263,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aviva PLC raised its stake in Sherwin-Williams by 6.6% in the second quarter. Aviva PLC now owns 181,688 shares of the specialty chemicals company’s stock valued at $62,384,000 after buying an additional 11,326 shares in the last quarter. Prospera Financial Services Inc increased its holdings in shares of Sherwin-Williams by 39.8% in the 2nd quarter. Prospera Financial Services Inc now owns 22,686 shares of the specialty chemicals company’s stock valued at $7,790,000 after acquiring an additional 6,460 shares during the last quarter. RWA Wealth Partners LLC raised its position in shares of Sherwin-Williams by 1.7% during the 2nd quarter. RWA Wealth Partners LLC now owns 3,254 shares of the specialty chemicals company’s stock worth $1,117,000 after acquiring an additional 54 shares in the last quarter. AGF Management Ltd. lifted its stake in Sherwin-Williams by 0.4% during the second quarter. AGF Management Ltd. now owns 149,042 shares of the specialty chemicals company’s stock worth $51,175,000 after purchasing an additional 588 shares during the last quarter. Finally, Bensler LLC lifted its stake in Sherwin-Williams by 2.9% during the second quarter. Bensler LLC now owns 24,984 shares of the specialty chemicals company’s stock worth $8,579,000 after purchasing an additional 706 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $339.87 on Friday. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The stock’s 50-day moving average price is $345.59 and its 200 day moving average price is $348.83. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $84.25 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.15. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s payout ratio is currently 30.83%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets dropped their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Bank of America lowered their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Evercore ISI boosted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.87.

Sherwin-Williams 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.