Nisa Investment Advisors LLC Has $33.22 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Nisa Investment Advisors LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 97,718 shares of the specialty chemicals company’s stock after purchasing an additional 317 shares during the period. Nisa Investment Advisors LLC’s holdings in Sherwin-Williams were worth $33,217,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Simon Quick Advisors LLC raised its stake in Sherwin-Williams by 2.5% during the fourth quarter. Simon Quick Advisors LLC now owns 1,338 shares of the specialty chemicals company’s stock worth $455,000 after buying an additional 32 shares during the last quarter. Beaumont Financial Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth about $326,000. Howard Capital Management Group LLC bought a new position in shares of Sherwin-Williams in the 4th quarter worth about $170,000. Atomi Financial Group Inc. lifted its stake in shares of Sherwin-Williams by 8.9% in the 4th quarter. Atomi Financial Group Inc. now owns 5,267 shares of the specialty chemicals company’s stock valued at $1,790,000 after purchasing an additional 431 shares during the period. Finally, Alpha Cubed Investments LLC boosted its position in shares of Sherwin-Williams by 20.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 1,536 shares of the specialty chemicals company’s stock valued at $522,000 after purchasing an additional 259 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Up 2.1 %

NYSE SHW opened at $361.33 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The business has a fifty day simple moving average of $363.19 and a 200 day simple moving average of $360.69. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The firm has a market capitalization of $91.00 billion, a P/E ratio of 35.99, a PEG ratio of 2.72 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the company earned $3.20 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % 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 link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SHW. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets raised their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Mizuho dropped their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Evercore ISI increased their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.25.

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.