The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 113.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,870 shares of the specialty chemicals company’s stock after purchasing an additional 2,060 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Sherwin-Williams were worth $1,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC increased its stake in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares during the period. VitalStone Financial LLC raised its holdings in Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares in the last quarter. Anfield Capital Management LLC acquired a new stake in Sherwin-Williams in the second quarter worth approximately $38,000. Northwest Investment Counselors LLC bought a new position in Sherwin-Williams during the 1st quarter valued at $47,000. Finally, Rise Advisors LLC increased its position in shares of Sherwin-Williams by 1,154.5% during the 1st quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 127 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SHW shares. Robert W. Baird upped their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Jefferies Financial Group upped their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. UBS Group lifted their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. The Goldman Sachs Group boosted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, BMO Capital Markets restated an “outperform” rating and set a $400.00 target price (up from $386.00) on shares of Sherwin-Williams in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Price Performance

NYSE SHW opened at $378.52 on Monday. The company has a 50 day simple moving average of $353.82 and a 200-day simple moving average of $328.22. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $382.83. The firm has a market capitalization of $95.97 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter last year, the business posted $3.29 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts predict that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.