The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Lifted by HB Wealth Management LLC

HB Wealth Management LLC raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,525 shares of the specialty chemicals company’s stock after purchasing an additional 153 shares during the period. HB Wealth Management LLC’s holdings in Sherwin-Williams were worth $7,317,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SHW. Valued Wealth Advisors LLC increased its holdings in 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 buying an additional 32 shares during the last quarter. First Personal Financial Services bought a new stake in Sherwin-Williams in the third quarter worth approximately $29,000. Semmax Financial Advisors Inc. increased its stake in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at $32,000. Finally, GHP Investment Advisors Inc. lifted its stake 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 during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on SHW shares. Morgan Stanley increased their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Robert W. Baird upped their target price on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Mizuho dropped their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, BMO Capital Markets upped their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.25.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s 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 sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $353.97 on Friday. The firm has a market capitalization of $89.15 billion, a PE ratio of 35.26, a PEG ratio of 2.39 and a beta of 1.22. 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 Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The business’s 50 day moving average is $363.89 and its 200-day moving average is $359.40.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the firm earned $3.20 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Company 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.