Nomura Holdings Inc. Buys 5,372 Shares of Sherwin-Williams Company (The) (SHW)

Nomura Holdings Inc. boosted its stake in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 45.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,286 shares of the specialty chemicals company’s stock after acquiring an additional 5,372 shares during the quarter. Nomura Holdings Inc.’s holdings in Sherwin-Williams Company (The) were worth $6,068,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in Sherwin-Williams Company (The) during the second quarter valued at approximately $100,000. American Beacon Advisors Inc. purchased a new position in Sherwin-Williams Company (The) during the first quarter valued at approximately $106,000. Peddock Capital Advisors LLC purchased a new position in Sherwin-Williams Company (The) during the second quarter valued at approximately $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Sherwin-Williams Company (The) by 7.3% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after acquiring an additional 29 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Sherwin-Williams Company (The) by 2.6% during the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after acquiring an additional 11 shares in the last quarter. Institutional investors own 73.82% of the company’s stock.

Several research analysts recently weighed in on the company. Longbow Research reiterated a “buy” rating and set a $440.00 price target (up from $400.00) on shares of Sherwin-Williams Company (The) in a research report on Monday. Northcoast Research reiterated a “buy” rating and set a $435.00 price target (up from $375.00) on shares of Sherwin-Williams Company (The) in a research report on Friday, October 6th. Morgan Stanley set a $425.00 price target on Sherwin-Williams Company (The) and gave the company an “overweight” rating in a research report on Wednesday, October 4th. Royal Bank Of Canada lifted their price target on Sherwin-Williams Company (The) from $390.00 to $423.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC lifted their price target on Sherwin-Williams Company (The) from $364.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $392.49.

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Sherwin-Williams Company (NYSE:SHW) traded down 0.39% during mid-day trading on Wednesday, hitting $380.00. The stock had a trading volume of 91,846 shares. The firm has a market cap of $35.50 billion, a P/E ratio of 141.26 and a beta of 1.22. The stock has a 50-day moving average price of $350.84 and a 200 day moving average price of $340.51. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $383.64.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the consensus estimate of $4.54 by ($0.02). Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the business earned $4.06 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts anticipate that Sherwin-Williams Company will post $14.75 EPS for the current fiscal year.

About Sherwin-Williams Company (The)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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

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