The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,090 shares of the specialty chemicals company’s stock after selling 259 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Sherwin-Williams were worth $4,450,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 88.9% in 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 purchased a new position in shares of Sherwin-Williams in the third quarter worth about $29,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams during the third quarter worth about $32,000. GHP Investment Advisors Inc. grew its stake in Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Sherwin-Williams in the 3rd quarter valued at about $38,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.1 %

NYSE SHW opened at $364.95 on Friday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The firm has a 50 day simple moving average of $357.45 and a 200-day simple moving average of $364.34. The firm has a market cap of $91.91 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the prior year, the business earned $1.81 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 12.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SHW has been the subject of a number of analyst reports. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Barclays raised their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday. Citigroup reduced their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Morgan Stanley dropped their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.00.

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.