Nordea Investment Management AB Trims Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Nordea Investment Management AB decreased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,342 shares of the specialty chemicals company's stock after selling 11,867 shares during the period. Nordea Investment Management AB's holdings in Sherwin-Williams were worth $23,584,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. FMR LLC increased its holdings in shares of Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock valued at $2,474,238,000 after purchasing an additional 999,164 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company's stock valued at $277,361,000 after buying an additional 724,907 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company's stock worth $422,654,000 after acquiring an additional 496,326 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company's stock worth $124,769,000 after acquiring an additional 308,921 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Sherwin-Williams by 192.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company's stock valued at $116,322,000 after acquiring an additional 258,511 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on SHW. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Robert W. Baird upped their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Evercore ISI raised their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Morgan Stanley lifted their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Finally, Mizuho lowered their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average price target of $402.25.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 directly owns 6,329 shares of the company's stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Up 0.9 %

Shares of SHW stock traded up $2.91 during trading on Thursday, reaching $337.31. The company's stock had a trading volume of 1,413,744 shares, compared to its average volume of 1,756,068. The company has a market capitalization of $84.95 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.94 and a beta of 1.22. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The stock's 50-day moving average price is $367.88 and its 200 day moving average price is $357.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business's revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $3.20 EPS. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were paid a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, November 15th. Sherwin-Williams's payout ratio is presently 28.49%.

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.