The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Decreased by Legato Capital Management LLC

Legato Capital Management LLC lessened its position in The Sherwin-Williams Company (NYSE:SHW) by 36.9% in the 4th quarter, Holdings Channel reports. The fund owned 4,310 shares of the specialty chemicals company’s stock after selling 2,525 shares during the period. Legato Capital Management LLC’s holdings in Sherwin-Williams were worth $1,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Certuity LLC lifted its position in shares of Sherwin-Williams by 12.8% in the fourth quarter. Certuity LLC now owns 1,604 shares of the specialty chemicals company’s stock worth $545,000 after purchasing an additional 182 shares in the last quarter. Leavell Investment Management Inc. increased its stake in Sherwin-Williams by 4.7% in the 4th quarter. Leavell Investment Management Inc. now owns 4,121 shares of the specialty chemicals company’s stock valued at $1,401,000 after buying an additional 185 shares during the period. Fishman Jay A Ltd. MI increased its stake in Sherwin-Williams by 0.4% in the 4th quarter. Fishman Jay A Ltd. MI now owns 15,247 shares of the specialty chemicals company’s stock valued at $5,183,000 after buying an additional 58 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its position in Sherwin-Williams by 0.8% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after buying an additional 30 shares in the last quarter. Finally, Sapient Capital LLC boosted its stake in shares of Sherwin-Williams by 0.8% during the 4th quarter. Sapient Capital LLC now owns 9,389 shares of the specialty chemicals company’s stock valued at $3,192,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the 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. This represents a 28.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated 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 approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SHW has been the topic of a number of research reports. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Morgan Stanley dropped their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Barclays lifted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.00.

Sherwin-Williams Stock Down 1.7 %

SHW stock opened at $355.38 on Thursday. The stock has a market capitalization of $89.50 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.15 and a beta of 1.22. The company has a 50-day moving average of $354.72 and a two-hundred day moving average of $365.19. 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 current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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 quarter in the prior year, the business posted $1.81 earnings per share. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

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.