Norinchukin Bank The Acquires 11,225 Shares of The Sherwin-Williams Company (NYSE:SHW)

Norinchukin Bank The lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,879 shares of the specialty chemicals company's stock after buying an additional 11,225 shares during the period. Sherwin-Williams comprises approximately 0.8% of Norinchukin Bank The's investment portfolio, making the stock its 21st biggest position. Norinchukin Bank The's holdings in Sherwin-Williams were worth $38,031,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams in the 4th quarter worth about $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth about $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $36,000. WR Wealth Planners LLC raised its holdings in Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth approximately $41,000. 77.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SHW. UBS Group cut their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price target for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Barclays reduced their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Finally, Wells Fargo & Company dropped 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 report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $391.25.

Sherwin-Williams Stock Up 0.6 %

Shares of SHW traded up $2.00 on Thursday, reaching $333.25. The company's stock had a trading volume of 588,696 shares, compared to its average volume of 1,768,181. The stock has a market capitalization of $83.82 billion, a PE ratio of 31.60, a PEG ratio of 2.98 and a beta of 1.26. 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 Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm has a fifty day moving average of $343.03 and a 200-day moving average of $357.95.

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 (EPS) for the quarter, topping 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 prior year, the business posted $1.81 earnings per share. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio is currently 29.95%.

About Sherwin-Williams

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.