Silver Oak Securities Incorporated Purchases 1,078 Shares of The Sherwin-Williams Company (NYSE:SHW)

Silver Oak Securities Incorporated grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 72.0% in the 4th quarter, HoldingsChannel reports. The firm owned 2,576 shares of the specialty chemicals company’s stock after buying an additional 1,078 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Sherwin-Williams were worth $873,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Valued Wealth Advisors LLC raised its stake in Sherwin-Williams by 88.9% in 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 position in shares of Sherwin-Williams in the 3rd quarter valued at $29,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams in the 3rd quarter worth $32,000. GHP Investment Advisors Inc. lifted its stake in shares of Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 28 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Sherwin-Williams during the third quarter valued at about $38,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

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

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $364.95 on Friday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company has a market cap of $91.91 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. The company’s 50 day moving average is $357.45 and its 200 day moving average is $364.34.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the company earned $1.81 EPS. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 12.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SHW. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. 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. Barclays raised their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Morgan Stanley lowered their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

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.