Rosenberg Matthew Hamilton Grows Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Rosenberg Matthew Hamilton grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 438 shares of the specialty chemicals company’s stock after purchasing an additional 31 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Sherwin-Williams were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its position in Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sherwin-Williams by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after buying an additional 58,463 shares in the last quarter. Legal & General Group Plc grew its stake in Sherwin-Williams by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after buying an additional 53,487 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Sherwin-Williams by 18.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after buying an additional 238,031 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Sherwin-Williams by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock valued at $542,387,000 after acquiring an additional 15,843 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were 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 of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 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. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SHW. Morgan Stanley lifted 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. Robert W. Baird lifted their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Barclays increased their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Finally, Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $402.25.

Sherwin-Williams Stock Up 1.6 %

Shares of NYSE:SHW opened at $341.65 on Wednesday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock’s 50-day moving average price is $365.83 and its 200-day moving average price is $359.11. The stock has a market capitalization of $86.05 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results 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 company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $3.20 earnings per share. On average, equities analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

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.