Nisa Investment Advisors LLC Increases Stake in The Sherwin-Williams Company $SHW

Nisa Investment Advisors LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,602 shares of the specialty chemicals company’s stock after buying an additional 943 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sherwin-Williams were worth $33,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. grew its holdings in Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Synergy Investment Management LLC grew its stake in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams during the 1st quarter valued at about $30,000. Salomon & Ludwin LLC acquired a new position in Sherwin-Williams during the second quarter worth about $31,000. Finally, Saudi Central Bank purchased a new stake in shares of Sherwin-Williams in the first quarter valued at about $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity

In other news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $333.64 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The stock has a fifty day moving average price of $350.33 and a two-hundred day moving average price of $348.22. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The firm has a market cap of $83.19 billion, a P/E ratio of 33.10, a PEG ratio of 3.13 and a beta of 1.20.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $0.79 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SHW shares. Loop Capital reduced their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a report on Friday. Evercore ISI raised their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. BMO Capital Markets lowered their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company set a $395.00 target price on Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $387.13.

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.