Wedbush Securities Inc. Raises Stake in The Sherwin-Williams Company $SHW

Wedbush Securities Inc. boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 192.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,086 shares of the specialty chemicals company’s stock after acquiring an additional 8,608 shares during the period. Wedbush Securities Inc.’s holdings in Sherwin-Williams were worth $4,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SHW. Brighton Jones LLC increased its holdings in Sherwin-Williams by 73.6% in the fourth 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. Empowered Funds LLC boosted its position in shares of Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after acquiring an additional 626 shares in the last quarter. CWM LLC increased its holdings in shares of Sherwin-Williams by 23.9% in the 2nd quarter. CWM LLC now owns 10,063 shares of the specialty chemicals company’s stock valued at $3,455,000 after acquiring an additional 1,940 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Sherwin-Williams by 28.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 144,292 shares of the specialty chemicals company’s stock worth $51,267,000 after acquiring an additional 32,095 shares in the last quarter. Finally, Cornerstone Wealth Group LLC lifted its stake in Sherwin-Williams by 18.9% during the second quarter. Cornerstone Wealth Group LLC now owns 870 shares of the specialty chemicals company’s stock worth $299,000 after purchasing an additional 138 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SHW shares. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research note on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research report on Thursday, January 22nd. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Zacks Research lowered shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $386.33.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. The trade was a 35.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Trading Up 0.7%

Shares of Sherwin-Williams stock opened at $367.06 on Thursday. The company has a 50-day moving average of $341.53 and a two-hundred day moving average of $345.07. The stock has a market cap of $90.99 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 3.15 and a beta of 1.25. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65.

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

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.