Sumitomo Mitsui Trust Group Inc. Buys 278,242 Shares of The Sherwin-Williams Company (NYSE:SHW)

Sumitomo Mitsui Trust Group Inc. boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 47.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 864,558 shares of the specialty chemicals company’s stock after purchasing an additional 278,242 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Sherwin-Williams were worth $293,889,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its stake in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 32 shares in the last quarter. First Personal Financial Services purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at $29,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams in the third quarter worth $32,000. GHP Investment Advisors Inc. raised its position in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 28 shares in the last quarter. Finally, True Wealth Design LLC boosted its stake in Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

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

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent analyst reports. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday. Mizuho lowered their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $400.00.

Sherwin-Williams Stock Up 0.1 %

Shares of Sherwin-Williams stock opened at $364.95 on Friday. The company’s 50 day moving average price is $357.45 and its 200-day moving average price is $364.34. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock 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.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the business earned $1.81 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12.12 EPS for the current year.

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.