Allspring Global Investments Holdings LLC reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,032 shares of the specialty chemicals company's stock after selling 173,753 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of Sherwin-Williams worth $60,031,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Valued Wealth Advisors LLC grew its position in Sherwin-Williams by 88.9% during the third 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 in the last quarter. First Personal Financial Services purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at $29,000. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the third quarter worth $32,000. GHP Investment Advisors Inc. raised its holdings in shares of Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after acquiring an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Sherwin-Williams during the third quarter valued at $38,000. Hedge funds and other institutional investors own 77.67% of the company's stock.
Insider Activity at Sherwin-Williams
In related news, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares of the company's stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Evercore ISI raised their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. Mizuho cut their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $400.00.
View Our Latest Stock Analysis on SHW
Sherwin-Williams Stock Performance
Shares of SHW traded down $4.20 during mid-day trading on Monday, hitting $356.93. The company's stock had a trading volume of 1,871,972 shares, compared to its average volume of 1,544,402. The stock's 50-day moving average is $352.96 and its two-hundred day moving average is $365.32. The firm has a market capitalization of $89.89 billion, a PE ratio of 33.83, 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 Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.
Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 last year, the business posted $1.81 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.
About Sherwin-Williams
(
Free Report)
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.
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