Wilkinson Global Asset Management LLC Cuts Stake in The Sherwin-Williams Company (NYSE:SHW)

Wilkinson Global Asset Management LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,584 shares of the specialty chemicals company’s stock after selling 806 shares during the period. Sherwin-Williams comprises 3.2% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 14th largest holding. Wilkinson Global Asset Management LLC’s holdings in Sherwin-Williams were worth $51,868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Valued Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $32,000. GHP Investment Advisors Inc. grew its holdings in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares during the period. Finally, True Wealth Design LLC raised its position in Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 90 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $352.98 on Wednesday. The firm’s 50-day moving average is $352.19 and its two-hundred day moving average is $365.40. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a market capitalization of $88.90 billion, a P/E ratio of 33.46, a P/E/G ratio of 3.08 and a beta of 1.22. 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 released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the company posted $1.81 earnings per share. Equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Mizuho reduced their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $400.00.

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.