Nuveen Asset Management LLC Has $274.83 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Nuveen Asset Management LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.7% during the 4th quarter, Holdings Channel reports. The firm owned 808,474 shares of the specialty chemicals company’s stock after buying an additional 64,631 shares during the period. Nuveen Asset Management LLC’s holdings in Sherwin-Williams were worth $274,825,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $36,000. WR Wealth Planners LLC increased its holdings in shares of Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Morgan Stanley decreased their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday, April 15th. Finally, Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.00.

Sherwin-Williams Stock Down 1.4%

SHW stock opened at $350.99 on Thursday. The stock’s 50 day moving average is $341.35 and its 200-day moving average is $355.22. The company has a quick ratio of 0.46, a current ratio of 0.79 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 market capitalization of $87.96 billion, a PE ratio of 33.27, a P/E/G ratio of 2.98 and a beta of 1.25.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. Sherwin-Williams’s payout ratio is presently 29.87%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business’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 sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.