Mirae Asset Global Investments Co. Ltd. Has $11.45 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Mirae Asset Global Investments Co. Ltd. lifted its position in The Sherwin-Williams Company (NYSE:SHWGet Rating) by 39.2% during the first quarter, HoldingsChannel.com reports. The fund owned 45,875 shares of the specialty chemicals company’s stock after purchasing an additional 12,908 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Sherwin-Williams were worth $11,451,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Qube Research & Technologies Ltd acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $1,486,000. Renaissance Technologies LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $6,163,000. Alberta Investment Management Corp acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $1,002,000. Invesco Ltd. raised its holdings in Sherwin-Williams by 4.6% during the 4th quarter. Invesco Ltd. now owns 1,022,517 shares of the specialty chemicals company’s stock worth $360,090,000 after buying an additional 45,068 shares during the period. Finally, Williams Jones Wealth Management LLC. raised its holdings in Sherwin-Williams by 3.1% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 19,409 shares of the specialty chemicals company’s stock worth $6,835,000 after buying an additional 591 shares during the period. 77.48% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.7 %

SHW stock opened at $223.18 on Tuesday. The company has a debt-to-equity ratio of 3.86, a current ratio of 0.87 and a quick ratio of 0.53. The company has a fifty day moving average price of $241.54 and a two-hundred day moving average price of $249.00. The Sherwin-Williams Company has a one year low of $214.22 and a one year high of $354.15. The stock has a market cap of $57.84 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05.

Sherwin-Williams (NYSE:SHWGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The specialty chemicals company reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.37). Sherwin-Williams had a return on equity of 82.04% and a net margin of 8.45%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same period last year, the firm earned $2.65 earnings per share. The company’s revenue for the quarter was down 46.6% compared to the same quarter last year. Equities analysts anticipate that The Sherwin-Williams Company will post 8.64 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.08%. Sherwin-Williams’s dividend payout ratio (DPR) is 36.09%.

Analysts Set New Price Targets

SHW has been the topic of several research analyst reports. Mizuho dropped their target price on shares of Sherwin-Williams from $310.00 to $294.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Tuesday, July 12th. KeyCorp decreased their price target on shares of Sherwin-Williams from $335.00 to $290.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Sherwin-Williams from $315.00 to $275.00 in a research note on Thursday, July 28th. Finally, Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $285.00 to $270.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $310.39.

Sherwin-Williams Profile

(Get Rating)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.

See Also

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWGet Rating).

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

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.