Premier Path Wealth Partners LLC Acquires 123 Shares of The Sherwin-Williams Company (NYSE:SHW)

Premier Path Wealth Partners LLC increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,127 shares of the specialty chemicals company’s stock after acquiring an additional 123 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Sherwin-Williams were worth $383,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Valued Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 32 shares during the period. First Personal Financial Services bought a new position in Sherwin-Williams during the 3rd quarter worth $29,000. Semmax Financial Advisors Inc. increased its stake in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $32,000. Finally, GHP Investment Advisors Inc. grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.1 %

Shares of NYSE SHW opened at $353.97 on Friday. The company has a 50 day simple moving average of $363.89 and a 200 day simple moving average of $359.40. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm has a market cap of $89.15 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SHW shares. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. BMO Capital Markets upped their target price on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, Royal Bank of Canada decreased their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $402.25.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business’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 value of $971,185.95. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction 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 sale, the senior vice president now 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. Corporate insiders own 0.60% of the company’s stock.

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.