The Sherwin-Williams Company (NYSE:SHW) Stake Raised by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,161 shares of the specialty chemicals company’s stock after purchasing an additional 147 shares during the period. Sumitomo Life Insurance Co.’s holdings in Sherwin-Williams were worth $2,351,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC boosted its holdings in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 45 shares during the period. Semmax Financial Advisors Inc. lifted its position in Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares in the last quarter. VitalStone Financial LLC boosted its stake in shares of Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 77 shares during the period. Anfield Capital Management LLC purchased a new position in shares of Sherwin-Williams during the 2nd quarter valued at $38,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Sherwin-Williams during the 1st quarter valued at $47,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $1.68 during mid-day trading on Wednesday, reaching $390.23. The company had a trading volume of 86,705 shares, compared to its average volume of 1,529,506. The company has a 50 day moving average of $367.81 and a 200-day moving average of $332.74. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $392.57. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The firm has a market cap of $98.44 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 2.95 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business earned $3.29 earnings per share. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.5 EPS for the current fiscal year.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHW. Morgan Stanley increased their price objective on Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $418.00 price target on shares of Sherwin-Williams in a research note on Friday, August 30th. BMO Capital Markets lifted their price target on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Wells Fargo & Company increased their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $373.17.

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.