The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Wealth Alliance

Wealth Alliance lowered its position in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 9.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,299 shares of the specialty chemicals company’s stock after selling 227 shares during the period. Wealth Alliance’s holdings in Sherwin-Williams were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in SHW. Norges Bank purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth $498,336,000. Morgan Stanley increased its stake in shares of Sherwin-Williams by 50.9% during the fourth quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock worth $1,229,386,000 after acquiring an additional 1,747,586 shares during the period. Holocene Advisors LP boosted its holdings in Sherwin-Williams by 154.8% during the second quarter. Holocene Advisors LP now owns 1,414,318 shares of the specialty chemicals company’s stock worth $375,530,000 after buying an additional 859,301 shares in the last quarter. PineStone Asset Management Inc. lifted its holdings in shares of Sherwin-Williams by 263.7% in the third quarter. PineStone Asset Management Inc. now owns 921,772 shares of the specialty chemicals company’s stock valued at $235,098,000 after purchasing an additional 668,305 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Sherwin-Williams by 44.1% in the second quarter. Capital Research Global Investors now owns 2,091,975 shares of the specialty chemicals company’s stock valued at $555,461,000 after purchasing an additional 640,084 shares in the last quarter. Institutional investors and hedge funds own 75.87% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, COO Heidi G. Petz sold 6,699 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $290.24, for a total value of $1,944,317.76. Following the sale, the chief operating officer now owns 14,718 shares of the company’s stock, valued at approximately $4,271,752.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Heidi G. Petz sold 6,699 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $290.24, for a total value of $1,944,317.76. Following the sale, the chief operating officer now owns 14,718 shares of the company’s stock, valued at approximately $4,271,752.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 923 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $292.65, for a total transaction of $270,115.95. Following the completion of the sale, the senior vice president now directly owns 21,363 shares in the company, valued at approximately $6,251,881.95. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Sherwin-Williams Trading Down 0.1 %

NYSE:SHW opened at $311.74 on Friday. The Sherwin-Williams Company has a 12 month low of $205.43 and a 12 month high of $314.14. The firm has a market cap of $79.80 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.32 and a beta of 1.14. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The company’s 50 day moving average is $303.19 and its 200-day moving average is $276.60.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.80 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 11.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SHW shares. The Goldman Sachs Group upped their price target on shares of Sherwin-Williams from $295.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. UBS Group increased their price objective on shares of Sherwin-Williams from $274.00 to $312.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Barclays upped their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company raised their price target on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $311.22.

Check Out Our Latest Stock Report on SHW

Sherwin-Williams Profile

(Free Report)

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through 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.

Featured Articles

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

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.