The Sherwin-Williams Company (NYSE:SHW) is Clio Asset Management LLC’s 6th Largest Position

Clio Asset Management LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,053 shares of the specialty chemicals company’s stock after selling 852 shares during the quarter. Sherwin-Williams makes up about 8.8% of Clio Asset Management LLC’s investment portfolio, making the stock its 6th biggest position. Clio Asset Management LLC’s holdings in Sherwin-Williams were worth $11,916,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Valued Wealth Advisors LLC increased its position in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $29,000. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth $32,000. GHP Investment Advisors Inc. raised its position 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 worth $33,000 after buying an additional 28 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Sherwin-Williams in the third quarter valued at $38,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, 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 transaction of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 owns 29,205 shares of the company’s stock, 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. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of several research analyst reports. Barclays upped their price target 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. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price target for the company from $321.00 to $420.00 in a report on Friday. 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. Finally, StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $403.29.

Sherwin-Williams Price Performance

SHW stock opened at $360.06 on Monday. The stock’s 50 day moving average is $361.22 and its two-hundred day moving average is $362.38. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a market capitalization of $90.68 billion, a PE ratio of 35.86, a P/E/G ratio of 2.78 and a beta of 1.22. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

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.