Golden State Wealth Management LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Golden State Wealth Management LLC acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, Holdings Channel reports. The firm acquired 137 shares of the specialty chemicals company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. FMR LLC increased its position in shares of Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the last quarter. Geode Capital Management LLC boosted its stake in Sherwin-Williams by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock worth $1,799,196,000 after buying an additional 58,463 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Sherwin-Williams by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock valued at $542,387,000 after acquiring an additional 15,843 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Sherwin-Williams by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company’s stock valued at $542,711,000 after acquiring an additional 78,075 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Sherwin-Williams by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after acquiring an additional 10,709 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.6 %

Sherwin-Williams stock opened at $361.32 on Wednesday. The stock’s fifty day moving average is $355.41 and its two-hundred day moving average is $365.10. The stock has a market cap of $91.00 billion, a PE ratio of 34.25, a P/E/G ratio of 3.15 and a beta of 1.22. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the business earned $1.81 earnings per share. On average, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SHW shares. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Evercore ISI lifted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley reduced their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.00.

About Sherwin-Williams

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.