NFP Retirement Inc. Invests $1.85 Million in The Sherwin-Williams Company (NYSE:SHW)

NFP Retirement Inc. purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,442 shares of the specialty chemicals company's stock, valued at approximately $1,850,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Sherwin-Williams by 1.0% during the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock worth $399,675,000 after purchasing an additional 10,709 shares during the period. Zacks Investment Management bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $214,000. Coldstream Capital Management Inc. boosted its stake in Sherwin-Williams by 23.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,454 shares of the specialty chemicals company's stock worth $2,087,000 after acquiring an additional 1,025 shares during the last quarter. Toronto Dominion Bank grew its holdings in Sherwin-Williams by 1.7% during the third quarter. Toronto Dominion Bank now owns 121,365 shares of the specialty chemicals company's stock valued at $46,321,000 after purchasing an additional 2,028 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings in Sherwin-Williams by 6.9% in the third quarter. Rehmann Capital Advisory Group now owns 1,117 shares of the specialty chemicals company's stock worth $427,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

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Sherwin-Williams Stock Down 1.4 %

NYSE SHW traded down $4.72 during mid-day trading on Wednesday, hitting $332.16. The company's stock had a trading volume of 561,997 shares, compared to its average volume of 1,776,598. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company's 50 day simple moving average is $346.45 and its 200 day simple moving average is $359.75. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm has a market capitalization of $83.54 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the firm posted $1.81 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams's payout ratio is presently 29.95%.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SHW shares. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. UBS Group cut their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $392.50.

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.