Howard Capital Management Group LLC Makes New $170,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

Howard Capital Management Group LLC bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 501 shares of the specialty chemicals company’s stock, valued at approximately $170,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. Valued Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares in the last quarter. First Personal Financial Services purchased a new stake in Sherwin-Williams during the third quarter worth about $29,000. Semmax Financial Advisors Inc. boosted its holdings in Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams during the third quarter worth about $32,000. Finally, GHP Investment Advisors Inc. raised its position in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Robert W. Baird boosted their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Citigroup cut their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Mizuho dropped their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $402.25.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

Shares of SHW opened at $361.33 on Wednesday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a 50-day moving average of $363.19 and a two-hundred day moving average of $360.69. The stock has a market cap of $91.00 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.72 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the business earned $3.20 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

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.