Nomura Asset Management Co. Ltd. Has $72.29 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Nomura Asset Management Co. Ltd. lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 19.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 212,655 shares of the specialty chemicals company’s stock after purchasing an additional 35,064 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Sherwin-Williams were worth $72,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SHW. Merit Financial Group LLC lifted its position in Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after acquiring an additional 523 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after purchasing an additional 2,303 shares during the period. Burney Co. lifted its position in shares of Sherwin-Williams by 4.6% during the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock worth $5,871,000 after purchasing an additional 766 shares during the last quarter. Kerusso Capital Management LLC boosted its stake in Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock valued at $3,498,000 after purchasing an additional 4,439 shares during the period. Finally, Canoe Financial LP grew its holdings in Sherwin-Williams by 542.0% in the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after buying an additional 286,791 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Up 0.3 %

Shares of NYSE SHW opened at $345.45 on Friday. The business has a fifty day moving average of $353.87 and a two-hundred day moving average of $364.08. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a market cap of $86.88 billion, a PE ratio of 32.74, a PEG ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the business earned $1.81 EPS. As a group, equities research analysts expect 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 was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.79 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, March 3rd. This represents a $3.16 annualized dividend and a yield of 0.91%. Sherwin-Williams’s payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

SHW has been the subject of several research reports. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. 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, March 10th. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Citigroup reiterated a “buy” rating and issued a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Finally, Morgan Stanley lowered their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $401.13.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

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.