The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1,322.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,868 shares of the specialty chemicals company’s stock after purchasing an additional 48,221 shares during the period. Nomura Holdings Inc.’s holdings in Sherwin-Williams were worth $17,631,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC raised its position in Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 29 shares during the period. Apella Capital LLC boosted its stake in Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after acquiring an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its stake in Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock valued at $1,272,000 after acquiring an additional 30 shares in the last quarter. IMS Capital Management boosted its stake in Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock valued at $437,000 after acquiring an additional 30 shares in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its stake in Sherwin-Williams by 2.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company’s stock valued at $388,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity

In other news, insider Colin M. Davie sold 2,799 shares of the business’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 transaction of $1,008,479.70. Following the sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. The trade was 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 company insiders.

Sherwin-Williams Stock Down 1.4%

NYSE SHW opened at $350.99 on Thursday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The company’s 50 day simple moving average is $341.35 and its 200 day simple moving average is $355.22. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a market capitalization of $87.96 billion, a P/E ratio of 33.27, a PEG ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm earned $2.17 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams’s dividend payout ratio is currently 29.87%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SHW. Jefferies Financial Group reiterated a “hold” rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Barclays dropped their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. Royal Bank of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Citigroup lowered their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley decreased their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Five investment 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, the company has an average rating of “Moderate Buy” and an average price target of $397.00.

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.