Nisa Investment Advisors LLC Acquires 317 Shares of The Sherwin-Williams Company (NYSE:SHW)

Nisa Investment Advisors LLC lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,718 shares of the specialty chemicals company’s stock after acquiring an additional 317 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sherwin-Williams were worth $33,217,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Simon Quick Advisors LLC boosted its position 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 purchasing an additional 32 shares during the period. Beaumont Financial Advisors LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth about $326,000. Howard Capital Management Group LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth about $170,000. Atomi Financial Group Inc. grew its stake in 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 buying an additional 431 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its position in Sherwin-Williams by 20.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 1,536 shares of the specialty chemicals company’s stock worth $522,000 after acquiring an additional 259 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SHW. Citigroup decreased their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. 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. Barclays upped their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $402.25.

Insider Activity

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Up 2.1 %

Shares of NYSE SHW opened at $361.33 on Wednesday. The stock has a 50-day moving average price of $363.19 and a two-hundred day moving average price of $360.69. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. 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 company has a market cap of $91.00 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.72 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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). The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. Sherwin-Williams’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $3.20 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

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.