The Sherwin-Williams Company $SHW Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,590 shares of the specialty chemicals company’s stock after purchasing an additional 2,774 shares during the period. Rhumbline Advisers’ holdings in Sherwin-Williams were worth $151,174,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Modera Wealth Management LLC boosted its position in Sherwin-Williams by 2.4% during the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock worth $435,000 after purchasing an additional 29 shares in the last quarter. Richard W. Paul & Associates LLC raised its stake in Sherwin-Williams by 1.6% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock valued at $647,000 after purchasing an additional 30 shares during the last quarter. 17 Capital Partners LLC lifted its holdings in Sherwin-Williams by 0.9% in the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after purchasing an additional 31 shares in the last quarter. Alpine Bank Wealth Management boosted its stake in shares of Sherwin-Williams by 4.1% during the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 31 shares during the last quarter. Finally, Jessup Wealth Management Inc raised its position in shares of Sherwin-Williams by 1.4% in the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.7%

SHW opened at $367.06 on Thursday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The stock has a market capitalization of $90.99 billion, a PE ratio of 35.74, a P/E/G ratio of 3.15 and a beta of 1.25. The firm’s fifty day moving average price is $341.53 and its 200 day moving average price is $345.07.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.07. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $2.09 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a report on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $386.33.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.