Norinchukin Bank The Boosts Holdings in The Sherwin-Williams Company $SHW

Norinchukin Bank The increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,407 shares of the specialty chemicals company’s stock after buying an additional 2,365 shares during the period. Norinchukin Bank The’s holdings in Sherwin-Williams were worth $37,883,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the last quarter. Empowered Funds LLC increased its holdings in Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after buying an additional 626 shares during the last quarter. Creative Planning raised its stake in Sherwin-Williams by 9.9% in the second quarter. Creative Planning now owns 60,339 shares of the specialty chemicals company’s stock valued at $20,718,000 after buying an additional 5,459 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Sherwin-Williams by 7.3% during the 2nd quarter. Cetera Investment Advisers now owns 68,539 shares of the specialty chemicals company’s stock worth $23,534,000 after buying an additional 4,641 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in Sherwin-Williams by 1.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 26,222 shares of the specialty chemicals company’s stock worth $9,004,000 after buying an additional 288 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 1.0%

NYSE SHW opened at $323.08 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The business has a 50 day moving average price of $351.90 and a two-hundred day moving average price of $343.91. The stock has a market cap of $79.92 billion, a PE ratio of 31.46, a P/E/G ratio of 2.77 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the firm earned $2.09 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s dividend payout ratio is currently 31.16%.

Insider Activity at Sherwin-Williams

In other news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total transaction of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the sale, the insider owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group set a $420.00 price objective on Sherwin-Williams in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a research note on Thursday, January 22nd. Royal Bank Of Canada set a $390.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Friday, January 30th. Mizuho boosted their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $388.21.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.