Institute for Wealth Management LLC. Increases Position in The Sherwin-Williams Company (NYSE:SHW)

Institute for Wealth Management LLC. increased its position in The Sherwin-Williams Company (NYSE:SHW) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,126 shares of the specialty chemicals company’s stock after acquiring an additional 155 shares during the period. Institute for Wealth Management LLC.’s holdings in Sherwin-Williams were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in SHW. FMR LLC boosted its position in Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after buying an additional 999,164 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Sherwin-Williams by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock worth $1,799,196,000 after acquiring an additional 58,463 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sherwin-Williams by 1.1% during the third 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 purchasing an additional 15,843 shares during the period. Franklin Resources Inc. boosted its holdings in Sherwin-Williams by 5.8% in the third quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company’s stock valued at $542,711,000 after purchasing an additional 78,075 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Sherwin-Williams by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after purchasing an additional 10,709 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SHW. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Citigroup lowered their price objective on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird lifted their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Barclays boosted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.65.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’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 of the company’s stock, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.5 %

Shares of SHW opened at $365.83 on Friday. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a market cap of $92.13 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 2.82 and a beta of 1.22. The firm’s fifty day moving average is $360.59 and its two-hundred day moving average is $363.04. 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 (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. During the same quarter last year, the firm earned $1.81 EPS. Research analysts forecast that The Sherwin-Williams Company will post 11.31 earnings per share for the current fiscal 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.