Nomura Holdings Inc. Acquires 48,221 Shares of The Sherwin-Williams Company (NYSE:SHW)

Nomura Holdings Inc. grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1,322.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,868 shares of the specialty chemicals company’s stock after buying an additional 48,221 shares during the quarter. Nomura Holdings Inc.’s holdings in Sherwin-Williams were worth $17,631,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SHW. Capital Investment Advisors LLC grew its stake in Sherwin-Williams by 5.6% in the fourth quarter. Capital Investment Advisors LLC now owns 737 shares of the specialty chemicals company’s stock worth $251,000 after purchasing an additional 39 shares in the last quarter. Wedmont Private Capital grew its stake in Sherwin-Williams by 9.5% in the fourth quarter. Wedmont Private Capital now owns 2,843 shares of the specialty chemicals company’s stock worth $938,000 after purchasing an additional 246 shares in the last quarter. Signal Advisors Wealth LLC grew its stake in Sherwin-Williams by 6.4% in the fourth quarter. Signal Advisors Wealth LLC now owns 2,134 shares of the specialty chemicals company’s stock worth $725,000 after purchasing an additional 128 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in Sherwin-Williams by 7.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company’s stock worth $149,000 after purchasing an additional 31 shares in the last quarter. Finally, Community Trust & Investment Co. grew its stake in Sherwin-Williams by 3.4% in the fourth quarter. Community Trust & Investment Co. now owns 9,319 shares of the specialty chemicals company’s stock worth $3,168,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $350.99 on Thursday. The firm has a market capitalization of $87.96 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The business has a fifty day moving average of $341.35 and a 200 day moving average of $355.22. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $2.17 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 29.87%.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Morgan Stanley dropped their price objective on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Citigroup dropped their price objective on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada upped their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Finally, Mizuho set a $395.00 target price on Sherwin-Williams in a research report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $397.00.

Sherwin-Williams Company 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.