Core Alternative Capital Sells 212 Shares of The Sherwin-Williams Company (NYSE:SHW)

Core Alternative Capital lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,314 shares of the specialty chemicals company’s stock after selling 212 shares during the period. Core Alternative Capital’s holdings in Sherwin-Williams were worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sapient Capital LLC boosted its stake in Sherwin-Williams by 0.8% during the fourth quarter. Sapient Capital LLC now owns 9,389 shares of the specialty chemicals company’s stock worth $3,192,000 after buying an additional 74 shares in the last quarter. Panoramic Capital Partners LLC bought a new position in shares of Sherwin-Williams during the 4th quarter worth about $308,000. Arlington Trust Co LLC boosted its position in shares of Sherwin-Williams by 92.8% during the 4th quarter. Arlington Trust Co LLC now owns 563 shares of the specialty chemicals company’s stock valued at $191,000 after acquiring an additional 271 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC increased its stake in Sherwin-Williams by 0.3% in the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 12,879 shares of the specialty chemicals company’s stock valued at $4,378,000 after acquiring an additional 39 shares during the period. Finally, Regents Gate Capital LLP acquired a new position in Sherwin-Williams in the fourth quarter worth about $2,312,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.3 %

Shares of SHW opened at $359.33 on Tuesday. The business’s fifty day moving average price is $356.13 and its two-hundred day moving average price is $364.98. The firm has a market capitalization of $90.50 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 3.15 and a beta of 1.22. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business earned $1.81 EPS. On average, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $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. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Morgan Stanley decreased their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Robert W. Baird increased their target price 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. One equities research analyst has rated the stock with a sell rating, six have given 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 company 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.