4,196 Shares in The Sherwin-Williams Company $SHW Acquired by Triton Financial Group Inc

Triton Financial Group Inc acquired a new position in The Sherwin-Williams Company (NYSE:SHW) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,196 shares of the specialty chemicals company’s stock, valued at approximately $1,441,000.

A number of other hedge funds have also added to or reduced their stakes in SHW. Brighton Jones LLC raised its stake in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares during the last quarter. GAMMA Investing LLC raised its stake in Sherwin-Williams by 19.8% during the 1st quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock valued at $1,636,000 after buying an additional 773 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Sherwin-Williams by 112.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 477 shares of the specialty chemicals company’s stock valued at $167,000 after buying an additional 253 shares during the last quarter. Advisor Resource Council purchased a new stake in Sherwin-Williams during the 1st quarter valued at $281,000. Finally, Praxis Investment Management Inc. purchased a new stake in Sherwin-Williams during the 1st quarter valued at $520,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SHW shares. Mizuho reduced their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. UBS Group restated a “buy” rating and issued a $400.00 price objective (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. JPMorgan Chase & Co. reduced their price objective on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets reduced their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company set a $395.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $387.13.

Insider Activity

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares of the company’s stock, valued at $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% 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 Trading Down 0.0%

Shares of Sherwin-Williams stock opened at $330.72 on Tuesday. The company has a fifty day moving average of $352.74 and a 200 day moving average of $347.94. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a market capitalization of $82.46 billion, a P/E ratio of 32.81, a P/E/G ratio of 3.10 and a beta of 1.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the company earned $3.70 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal 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.