Nomura Asset Management Co. Ltd. Grows Stake in The Sherwin-Williams Company (NYSE:SHW)

Nomura Asset Management Co. Ltd. boosted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,655 shares of the specialty chemicals company's stock after acquiring an additional 35,064 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.08% of Sherwin-Williams worth $72,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $1,487,000. Norges Bank bought a new stake in Sherwin-Williams in the fourth quarter worth $1,359,747,000. Blair William & Co. IL boosted its position in Sherwin-Williams by 9.6% during the fourth quarter. Blair William & Co. IL now owns 42,662 shares of the specialty chemicals company's stock valued at $14,502,000 after buying an additional 3,740 shares during the period. NEOS Investment Management LLC grew its stake in shares of Sherwin-Williams by 35.2% during the fourth quarter. NEOS Investment Management LLC now owns 13,536 shares of the specialty chemicals company's stock valued at $4,601,000 after buying an additional 3,527 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in shares of Sherwin-Williams by 3.5% in the fourth quarter. UniSuper Management Pty Ltd now owns 99,817 shares of the specialty chemicals company's stock worth $33,931,000 after buying an additional 3,336 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

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Sherwin-Williams Stock Up 0.3 %

SHW stock traded up $1.14 on Tuesday, reaching $350.33. 453,897 shares of the company traded hands, compared to its average volume of 1,819,078. The firm has a fifty day simple moving average of $353.50 and a 200-day simple moving average of $363.63. The company has a market cap of $88.11 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping 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 period last year, the firm posted $1.81 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.79 dividend. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Monday, March 3rd. Sherwin-Williams's payout ratio is presently 29.95%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was 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 owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays dropped their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday. Morgan Stanley cut their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a report on Friday, January 31st. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $400.19.

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.