Valley Wealth Managers Inc. Has $515,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

Valley Wealth Managers Inc. lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,515 shares of the specialty chemicals company’s stock after acquiring an additional 104 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Sherwin-Williams were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Braun Stacey Associates Inc. acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at $1,700,000. GAM Holding AG acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at $1,037,000. Venturi Wealth Management LLC raised its position in Sherwin-Williams by 3.7% during the 4th quarter. Venturi Wealth Management LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $1,496,000 after purchasing an additional 159 shares during the last quarter. D.A. Davidson & CO. raised its position in Sherwin-Williams by 8.3% during the 4th quarter. D.A. Davidson & CO. now owns 8,046 shares of the specialty chemicals company’s stock worth $2,735,000 after purchasing an additional 618 shares during the last quarter. Finally, Empower Advisory Group LLC raised its position in Sherwin-Williams by 3.3% during the 4th quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company’s stock worth $109,772,000 after purchasing an additional 10,267 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Robert W. Baird raised their target price on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $400.00.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $352.98 on Wednesday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The firm has a market capitalization of $88.90 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 3.08 and a beta of 1.22. The business has a 50-day simple moving average of $352.19 and a 200 day simple moving average of $365.40. 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 released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company posted $1.81 earnings per share. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company 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.