Daiwa Securities Group Inc. Raises Holdings in The Sherwin-Williams Company (NYSE:SHW)

Daiwa Securities Group Inc. raised its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 259.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,772 shares of the specialty chemicals company's stock after purchasing an additional 76,361 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Sherwin-Williams were worth $35,955,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Sherwin-Williams by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company's stock valued at $399,675,000 after buying an additional 10,709 shares in the last quarter. Portside Wealth Group LLC lifted its position in shares of Sherwin-Williams by 4.3% during the 3rd quarter. Portside Wealth Group LLC now owns 949 shares of the specialty chemicals company's stock valued at $362,000 after buying an additional 39 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $38,000. CWA Asset Management Group LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $1,873,000. Finally, Assetmark Inc. lifted its position in shares of Sherwin-Williams by 5.5% during the 3rd quarter. Assetmark Inc. now owns 7,906 shares of the specialty chemicals company's stock valued at $3,018,000 after buying an additional 411 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

SHW has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Mizuho lowered their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada lowered their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $401.13.

Sherwin-Williams Trading Down 0.8 %

Shares of NYSE SHW traded down $2.81 during trading hours on Wednesday, hitting $350.21. 1,409,000 shares of the company traded hands, compared to its average volume of 1,612,285. The stock has a market capitalization of $88.08 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. 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 moving average price is $353.57 and its 200 day moving average price is $365.85. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS 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 period in the prior year, the firm posted $1.81 EPS. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio is 29.95%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction on 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 transaction, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.