Ballentine Partners LLC boosted its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,031 shares of the specialty chemicals company’s stock after buying an additional 510 shares during the period. Ballentine Partners LLC’s holdings in Sherwin-Williams were worth $1,710,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC increased its position in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares during the period. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $32,000. 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. Finally, True Wealth Design LLC grew its holdings in shares of Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares in the last quarter. 77.67% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on SHW shares. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird lifted their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley boosted their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $402.25.
Sherwin-Williams Price Performance
Sherwin-Williams stock opened at $361.33 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The firm has a market cap of $91.00 billion, a P/E ratio of 35.99, a P/E/G ratio of 2.72 and a beta of 1.22. The business’s fifty day moving average is $363.19 and its two-hundred day moving average is $360.69. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.
Sherwin-Williams (NYSE:SHW – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.20 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.
Insider Transactions at Sherwin-Williams
In other news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $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 available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 29,205 shares of the company’s stock, 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.
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.
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