The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Core Alternative Capital

Core Alternative Capital lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,314 shares of the specialty chemicals company’s stock after selling 212 shares during the period. Core Alternative Capital’s holdings in Sherwin-Williams were worth $4,526,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SHW. Valued Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares during the period. First Personal Financial Services purchased a new stake in Sherwin-Williams during the third quarter valued at about $29,000. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the third quarter worth about $32,000. GHP Investment Advisors Inc. increased its position in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring 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 valued at approximately $38,000. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHW. Citigroup decreased their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Wells Fargo & Company raised their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

Sherwin-Williams Trading Down 0.3 %

Shares of NYSE:SHW opened at $359.33 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $90.50 billion, a PE ratio of 34.06, a P/E/G ratio of 3.15 and a beta of 1.22. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm has a fifty day moving average price of $356.13 and a 200 day moving average price of $364.98.

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, topping the consensus estimate 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 firm posted $1.81 earnings per share. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.