Bedrijfstakpensioenfonds Voor DE Media PNO Trims Position in The Sherwin-Williams Company (NYSE:SHW)

Bedrijfstakpensioenfonds Voor DE Media PNO decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,800 shares of the specialty chemicals company’s stock after selling 3,100 shares during the quarter. Sherwin-Williams makes up 2.0% of Bedrijfstakpensioenfonds Voor DE Media PNO’s portfolio, making the stock its 19th biggest holding. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Sherwin-Williams were worth $16,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SHW. Griffin Asset Management Inc. boosted its stake in Sherwin-Williams by 0.3% during the third quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock valued at $3,548,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in Sherwin-Williams by 2.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock worth $458,000 after purchasing an additional 28 shares during the period. GHP Investment Advisors Inc. boosted its position in Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares in the last quarter. Allworth Financial LP boosted its position in Sherwin-Williams by 1.8% during the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock valued at $595,000 after acquiring an additional 28 shares in the last quarter. Finally, First Interstate Bank boosted its position in Sherwin-Williams by 1.9% during the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Evercore ISI lifted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Finally, BMO Capital Markets upped their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $402.25.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $361.33 on Wednesday. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The firm has a market capitalization of $91.00 billion, a PE ratio of 35.99, a PEG ratio of 2.72 and a beta of 1.22. The business’s 50 day moving average is $363.19 and its 200-day moving average is $360.69. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $3.20 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

About Sherwin-Williams

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.