Northwestern Mutual Investment Management Company LLC Buys 1,100 Shares of Sherwin-Williams Co (NYSE:SHW)

Northwestern Mutual Investment Management Company LLC raised its stake in Sherwin-Williams Co (NYSE:SHW) by 34.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,292 shares of the specialty chemicals company’s stock after buying an additional 1,100 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Sherwin-Williams were worth $1,972,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Commerce Bank increased its holdings in shares of Sherwin-Williams by 11.1% in the 1st quarter. Commerce Bank now owns 13,939 shares of the specialty chemicals company’s stock worth $6,406,000 after buying an additional 1,392 shares during the last quarter. Carnegie Capital Asset Management LLC increased its holdings in shares of Sherwin-Williams by 5.8% in the 1st quarter. Carnegie Capital Asset Management LLC now owns 54,721 shares of the specialty chemicals company’s stock worth $25,241,000 after buying an additional 3,015 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Sherwin-Williams by 5.3% in the 1st quarter. WCM Investment Management LLC now owns 232,514 shares of the specialty chemicals company’s stock worth $106,845,000 after buying an additional 11,677 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Sherwin-Williams by 121.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 2,531 shares of the specialty chemicals company’s stock valued at $1,163,000 after purchasing an additional 14,609 shares during the last quarter. Finally, ETRADE Capital Management LLC grew its holdings in shares of Sherwin-Williams by 9.7% during the 1st quarter. ETRADE Capital Management LLC now owns 1,363 shares of the specialty chemicals company’s stock valued at $626,000 after purchasing an additional 120 shares during the last quarter. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO David B. Sewell sold 5,752 shares of Sherwin-Williams stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $571.13, for a total transaction of $3,285,139.76. Following the completion of the transaction, the chief operating officer now directly owns 14,100 shares of the company’s stock, valued at approximately $8,052,933. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jane M. Cronin sold 908 shares of Sherwin-Williams stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $492.14, for a total transaction of $446,863.12. Following the transaction, the senior vice president now directly owns 2,915 shares of the company’s stock, valued at $1,434,588.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,595 shares of company stock valued at $4,231,947. Corporate insiders own 0.55% of the company’s stock.

SHW has been the topic of several recent research reports. Citigroup increased their target price on shares of Sherwin-Williams from $555.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Morgan Stanley increased their target price on shares of Sherwin-Williams from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. BMO Capital Markets increased their target price on shares of Sherwin-Williams from $530.00 to $550.00 and gave the company a “market perform” rating in a report on Thursday, April 30th. Susquehanna Bancshares lowered shares of Sherwin-Williams from a “positive” rating to a “neutral” rating and set a $620.00 target price on the stock. in a report on Tuesday, February 4th. Finally, Zacks Investment Research lowered shares of Sherwin-Williams from a “hold” rating to a “sell” rating and set a $583.00 target price on the stock. in a report on Friday, March 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Sherwin-Williams presently has a consensus rating of “Hold” and a consensus price target of $574.39.

NYSE:SHW opened at $577.30 on Friday. The company has a 50-day moving average price of $512.13 and a 200-day moving average price of $546.59. Sherwin-Williams Co has a 12 month low of $325.43 and a 12 month high of $599.95. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 2.94. The stock has a market cap of $51.76 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 3.34 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Wednesday, April 29th. The specialty chemicals company reported $4.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.95 by $0.13. Sherwin-Williams had a net margin of 8.98% and a return on equity of 53.04%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the company posted $3.60 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts forecast that Sherwin-Williams Co will post 19.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $1.34 dividend. The ex-dividend date is Thursday, May 21st. This represents a $5.36 annualized dividend and a dividend yield of 0.93%. Sherwin-Williams’s dividend payout ratio is 25.38%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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