Massachusetts Wealth Management Sells 50 Shares of The Sherwin-Williams Company (NYSE:SHW)

Massachusetts Wealth Management lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,595 shares of the specialty chemicals company’s stock after selling 50 shares during the quarter. Massachusetts Wealth Management’s holdings in Sherwin-Williams were worth $1,222,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SHW. FMR LLC grew its position in shares of Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after acquiring an additional 999,164 shares during the period. Geode Capital Management LLC grew its holdings in Sherwin-Williams by 1.3% during the third 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 purchasing an additional 58,463 shares during the period. Charles Schwab Investment Management Inc. increased its position in Sherwin-Williams by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after buying an additional 15,843 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of 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 buying an additional 78,075 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of 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 valued at $399,675,000 after buying an additional 10,709 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SHW shares. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Morgan Stanley cut their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the company from $321.00 to $420.00 in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Royal Bank of Canada decreased their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Sherwin-Williams Trading Up 0.0 %

Shares of SHW stock opened at $357.72 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a market cap of $90.09 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. The business has a 50-day moving average price of $358.05 and a two-hundred day moving average price of $364.34. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its 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 period last year, the company earned $1.81 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 12.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction on 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 of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

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.