Allspring Global Investments Holdings LLC Reduces Position in The Sherwin-Williams Company (NYSE:SHW)

Allspring Global Investments Holdings LLC cut its position in The Sherwin-Williams Company (NYSE:SHW) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,032 shares of the specialty chemicals company’s stock after selling 173,753 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of Sherwin-Williams worth $60,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SHW. Valued Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $32,000. GHP Investment Advisors Inc. increased its position in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Sherwin-Williams in the 3rd quarter valued at approximately $38,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 1.7 %

SHW stock opened at $361.42 on Friday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The stock has a market capitalization of $91.02 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 3.15 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a fifty day moving average of $353.99 and a 200-day moving average of $365.12.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the firm posted $1.81 earnings per share. As a group, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on SHW shares. Citigroup dropped their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Mizuho dropped their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Evercore ISI increased their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Robert W. Baird increased their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $400.00.

Insider Activity at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams 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.