Nuveen Asset Management LLC Buys 64,631 Shares of The Sherwin-Williams Company (NYSE:SHW)

Nuveen Asset Management LLC boosted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 808,474 shares of the specialty chemicals company's stock after acquiring an additional 64,631 shares during the quarter. Nuveen Asset Management LLC owned 0.32% of Sherwin-Williams worth $274,825,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Sherwin-Williams during the 4th quarter worth about $1,359,747,000. Capital Research Global Investors lifted its position in Sherwin-Williams by 47.1% during the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock worth $1,019,329,000 after buying an additional 960,724 shares in the last quarter. Barclays PLC lifted its position in Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock worth $704,855,000 after buying an additional 728,798 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sherwin-Williams during the 4th quarter worth about $230,829,000. Finally, Northern Trust Corp raised its holdings in shares of Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after purchasing an additional 595,586 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SHW. Barclays reduced their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $350.00 to $420.00 in a report on Wednesday, April 30th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Finally, Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $397.00.

Sherwin-Williams Trading Up 0.5%

NYSE:SHW traded up $1.77 during midday trading on Friday, reaching $363.22. 892,926 shares of the stock traded hands, compared to its average volume of 1,764,457. The company has a fifty day moving average of $341.61 and a 200 day moving average of $355.22. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock has a market capitalization of $91.02 billion, a P/E ratio of 34.43, a PEG ratio of 2.98 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating 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 net margin of 11.61% and a return on equity of 74.50%. The firm's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.17 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors 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 yield of 0.87%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's payout ratio is currently 29.87%.

Sherwin-Williams 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.