Krilogy Financial LLC Takes Position in The Sherwin-Williams Company $SHW

Krilogy Financial LLC bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,768 shares of the specialty chemicals company’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after purchasing an additional 626 shares during the period. CWM LLC boosted its position 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 worth $3,455,000 after purchasing an additional 1,940 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of Sherwin-Williams by 12.4% during the second quarter. Mutual Advisors LLC now owns 873 shares of the specialty chemicals company’s stock worth $297,000 after purchasing an additional 96 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Sherwin-Williams by 50.1% in the second quarter. Nordea Investment Management AB now owns 108,492 shares of the specialty chemicals company’s stock valued at $37,203,000 after buying an additional 36,200 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.0%

SHW opened at $368.74 on Friday. The stock has a market capitalization of $91.41 billion, a P/E ratio of 35.90, a P/E/G ratio of 3.19 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. The firm’s fifty day simple moving average is $342.99 and its 200 day simple moving average is $345.54.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion for 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%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $2.09 EPS. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a research note on Friday, January 30th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. UBS Group set a $420.00 price target on shares of Sherwin-Williams in a research report on Friday, January 30th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Finally, JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $386.33.

Sherwin-Williams Company 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.