Davis R M Inc. boosted its position in shares of Sherwin-Williams Co (NYSE:SHW) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,870 shares of the specialty chemicals company’s stock after buying an additional 1,546 shares during the period. Davis R M Inc.’s holdings in Sherwin-Williams were worth $17,168,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Private Trust Co. NA grew its stake in Sherwin-Williams by 2.6% during the fourth quarter. Private Trust Co. NA now owns 9,111 shares of the specialty chemicals company’s stock worth $3,735,000 after buying an additional 232 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $902,000. Nisa Investment Advisors LLC boosted its stake in shares of Sherwin-Williams by 2.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 25,252 shares of the specialty chemicals company’s stock valued at $10,352,000 after purchasing an additional 600 shares in the last quarter. Milestone Resources Group Ltd acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $73,042,000. Finally, Franklin Street Advisors Inc. NC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $309,000. Hedge funds and other institutional investors own 75.62% of the company’s stock.
Shares of Sherwin-Williams Co (SHW) traded up $7.48 during midday trading on Tuesday, reaching $432.84. 1,020,700 shares of the company were exchanged, compared to its average volume of 491,122. The company has a market cap of $40,476.56, a price-to-earnings ratio of 38.07, a PEG ratio of 1.98 and a beta of 1.22. Sherwin-Williams Co has a 1-year low of $280.14 and a 1-year high of $433.90. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.05. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The firm’s quarterly revenue was up 37.4% on a year-over-year basis. During the same quarter last year, the business earned $4.23 EPS. analysts predict that Sherwin-Williams Co will post 15.02 EPS for the current year.
In other Sherwin-Williams news, insider Robert J. Davisson sold 8,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the completion of the transaction, the insider now owns 14,812 shares in the company, valued at approximately $5,777,716.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the transaction, the senior vice president now owns 18,363 shares of the company’s stock, valued at approximately $7,512,486.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is owned by company insiders.
A number of research firms have recently weighed in on SHW. KeyCorp restated an “overweight” rating and issued a $465.00 price target (up from $440.00) on shares of Sherwin-Williams in a research note on Thursday, January 11th. Robert W. Baird restated a “buy” rating and issued a $475.00 price target on shares of Sherwin-Williams in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price target on the stock in a research note on Friday, January 5th. Deutsche Bank began coverage on shares of Sherwin-Williams in a research note on Friday, December 22nd. They issued a “hold” rating and a $420.00 price target on the stock. Finally, Raymond James Financial began coverage on shares of Sherwin-Williams in a research note on Tuesday, December 19th. They issued a “strong-buy” rating and a $496.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus target price of $417.39.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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