The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Gradient Investments LLC

Gradient Investments LLC lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 92.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,418 shares of the specialty chemicals company’s stock after selling 39,049 shares during the quarter. Gradient Investments LLC’s holdings in Sherwin-Williams were worth $1,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SHW. Valued Wealth Advisors LLC increased its position 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 acquiring an additional 32 shares during the last quarter. First Personal Financial Services acquired a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. raised its position in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Sherwin-Williams during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $360.06 on Friday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. 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 firm has a market capitalization of $90.68 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22. The business has a 50 day simple moving average of $361.22 and a 200 day simple moving average of $361.55.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were 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 approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SHW shares. Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Wells Fargo & Company increased their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the company from $321.00 to $420.00 in a report on Friday. Finally, Morgan Stanley upped their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.29.

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.