Nomura Holdings Inc. Has $3,094,000 Position in Sherwin-Williams Co. (SHW)
Nomura Holdings Inc. lowered its stake in shares of Sherwin-Williams Co. (NYSE:SHW) by 9.7% during the second quarter, Holdings Channel reports. The fund owned 10,558 shares of the company’s stock after selling 1,135 shares during the period. Nomura Holdings Inc.’s holdings in Sherwin-Williams were worth $3,094,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. WASHINGTON TRUST Co increased its stake in Sherwin-Williams by 0.4% in the first quarter. WASHINGTON TRUST Co now owns 795 shares of the company’s stock valued at $226,000 after buying an additional 3 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Sherwin-Williams by 0.3% in the first quarter. Sigma Planning Corp now owns 1,703 shares of the company’s stock worth $485,000 after buying an additional 5 shares during the period. Berkshire Money Management Inc. increased its stake in shares of Sherwin-Williams by 0.3% in the second quarter. Berkshire Money Management Inc. now owns 1,838 shares of the company’s stock worth $540,000 after buying an additional 6 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of Sherwin-Williams by 0.5% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,119 shares of the company’s stock worth $603,000 after buying an additional 11 shares during the period. Finally, Apex Capital Management increased its stake in shares of Sherwin-Williams by 0.4% in the first quarter. Apex Capital Management now owns 3,149 shares of the company’s stock worth $896,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 74.63% of the company’s stock.
Sherwin-Williams Co. (NYSE:SHW) opened at 275.17 on Wednesday. Sherwin-Williams Co. has a 12 month low of $218.27 and a 12 month high of $312.48. The firm has a market cap of $25.26 billion, a price-to-earnings ratio of 23.20 and a beta of 0.87. The firm’s 50-day moving average price is $287.48 and its 200-day moving average price is $291.03.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 21st. The company reported $4.06 EPS for the quarter, missing the consensus estimate of $4.16 by $0.10. The firm earned $3.22 billion during the quarter, compared to analyst estimates of $3.28 billion. Sherwin-Williams had a net margin of 9.50% and a return on equity of 110.16%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $3.70 EPS. Equities research analysts predict that Sherwin-Williams Co. will post $12.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 19th were issued a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $3.36 annualized dividend and a yield of 1.22%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.84%.
A number of equities research analysts have recently weighed in on SHW shares. Seaport Global Securities downgraded Sherwin-Williams from an “accumulate” rating to a “neutral” rating and set a $320.00 price target for the company. in a report on Monday, July 11th. Zacks Investment Research downgraded Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Morgan Stanley reiterated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, June 8th. Robert W. Baird reiterated an “outperform” rating and issued a $330.00 price target on shares of Sherwin-Williams in a report on Monday, July 25th. Finally, Sterne Agee CRT upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $324.85.
In other Sherwin-Williams news, insider Joel D. Baxter sold 3,853 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $300.16, for a total value of $1,156,516.48. Following the completion of the transaction, the insider now owns 8,347 shares of the company’s stock, valued at approximately $2,505,435.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John G. Morikis sold 30,353 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $298.75, for a total value of $9,067,958.75. Following the completion of the transaction, the chief executive officer now directly owns 119,804 shares of the company’s stock, valued at approximately $35,791,445. The disclosure for this sale can be found here. 1.89% of the stock is owned by company insiders.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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