NBC Securities Inc. Grows Position in The Sherwin-Williams Company (NYSE:SHW)

NBC Securities Inc. grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 172,500.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,726 shares of the specialty chemicals company's stock after purchasing an additional 1,725 shares during the period. NBC Securities Inc.'s holdings in Sherwin-Williams were worth $602,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Sherwin-Williams by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock valued at $7,422,932,000 after buying an additional 138,170 shares during the period. FMR LLC grew its holdings in Sherwin-Williams by 1.6% during the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company's stock worth $2,239,715,000 after acquiring an additional 106,093 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Sherwin-Williams by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock valued at $1,636,679,000 after purchasing an additional 96,571 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Sherwin-Williams by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock valued at $1,467,138,000 after purchasing an additional 86,268 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth $1,359,747,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $0.23 during midday trading on Friday, hitting $357.65. The company had a trading volume of 1,495,017 shares, compared to its average volume of 1,735,034. The firm has a market capitalization of $89.63 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The business has a 50-day simple moving average of $345.92 and a two-hundred day simple moving average of $353.22. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

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

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Morgan Stanley cut their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. UBS Group lowered their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a report on Monday, April 7th. Royal Bank of Canada lifted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.