McKinley Carter Wealth Services Inc. Has $218,000 Stake in The Sherwin-Williams Company (NYSE:SHW)

McKinley Carter Wealth Services Inc. lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 24.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 640 shares of the specialty chemicals company’s stock after selling 210 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Sherwin-Williams were worth $218,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nvest Financial LLC increased its stake in shares of Sherwin-Williams by 27.6% in the 4th quarter. Nvest Financial LLC now owns 4,803 shares of the specialty chemicals company’s stock valued at $1,633,000 after buying an additional 1,039 shares during the period. Asset Dedication LLC boosted its holdings in Sherwin-Williams by 23.0% in the fourth quarter. Asset Dedication LLC now owns 2,810 shares of the specialty chemicals company’s stock valued at $955,000 after acquiring an additional 526 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in Sherwin-Williams by 162.7% in the fourth quarter. SteelPeak Wealth LLC now owns 3,089 shares of the specialty chemicals company’s stock valued at $1,050,000 after acquiring an additional 1,913 shares during the last quarter. BSW Wealth Partners raised its holdings in Sherwin-Williams by 14.3% during the 4th quarter. BSW Wealth Partners now owns 1,078 shares of the specialty chemicals company’s stock worth $366,000 after purchasing an additional 135 shares during the last quarter. Finally, Bensler LLC lifted its position in Sherwin-Williams by 1.9% during the 4th quarter. Bensler LLC now owns 23,258 shares of the specialty chemicals company’s stock valued at $7,906,000 after purchasing an additional 427 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.0 %

Shares of SHW stock opened at $360.43 on Thursday. The company has a market capitalization of $90.77 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 2.78 and a beta of 1.22. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a fifty day moving average of $360.82 and a 200-day moving average of $363.06. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

Insiders Place Their Bets

In related news, 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 transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

SHW has been the subject of several analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Robert W. Baird raised their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley dropped their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.65.

Sherwin-Williams 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.