Nordea Investment Management AB Purchases 2,395 Shares of The Sherwin-Williams Company $SHW

Nordea Investment Management AB lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,309 shares of the specialty chemicals company’s stock after buying an additional 2,395 shares during the quarter. Nordea Investment Management AB’s holdings in Sherwin-Williams were worth $41,785,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Sherwin-Williams by 1.4% during the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock worth $7,838,532,000 after acquiring an additional 309,153 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Sherwin-Williams by 9.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares in the last quarter. Norges Bank bought a new stake in Sherwin-Williams in the 2nd quarter valued at about $1,296,565,000. Capital Research Global Investors grew its position in shares of Sherwin-Williams by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock worth $1,188,698,000 after purchasing an additional 11,560 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Sherwin-Williams by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock worth $1,056,811,000 after purchasing an additional 12,715 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $314.24 on Tuesday. The company has a market cap of $77.73 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.63 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $348.66 and a 200 day simple moving average of $342.08. The Sherwin-Williams Company has a one year low of $301.58 and a one year high of $379.65.

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

Sherwin-Williams Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SHW shares. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Mizuho reduced their price target on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a research report on Monday. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective on the stock in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a report on Thursday, January 22nd. Finally, Zacks Research downgraded 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $384.43.

Sherwin-Williams Company Profile

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.