Border to Coast Pensions Partnership Ltd bought a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 123,694 shares of the specialty chemicals company's stock, valued at approximately $42,019,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its stake in shares of Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock valued at $2,474,238,000 after buying an additional 999,164 shares during the last quarter. Geode Capital Management LLC grew its position in Sherwin-Williams by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company's stock worth $1,799,196,000 after acquiring an additional 58,463 shares during the last quarter. Legal & General Group Plc increased its stake in Sherwin-Williams by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company's stock worth $573,538,000 after purchasing an additional 53,487 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Sherwin-Williams by 18.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company's stock valued at $454,917,000 after purchasing an additional 238,031 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Sherwin-Williams by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company's stock valued at $542,387,000 after purchasing an additional 15,843 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.
Wall Street Analysts Forecast Growth
SHW has been the topic of several analyst reports. Citigroup decreased their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Robert W. Baird boosted their price objective 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. Barclays increased their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. BMO Capital Markets raised their target price on Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. Finally, Evercore ISI upped their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $402.25.
Get Our Latest Analysis on Sherwin-Williams
Sherwin-Williams Stock Down 0.1 %
NYSE SHW traded down $0.20 during trading hours on Friday, reaching $353.97. 2,392,508 shares of the company's stock traded hands, compared to its average volume of 1,288,421. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The firm has a 50-day simple moving average of $363.89 and a 200 day simple moving average of $359.40. The firm has a market cap of $89.15 billion, a PE ratio of 35.26, a PEG ratio of 2.39 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.
Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.20 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.
Insider Buying and Selling at Sherwin-Williams
In other news, SVP Mary L. Garceau sold 15,770 shares of the business's 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 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. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm's 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 completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % 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
(
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.
Featured Articles
Before you consider Sherwin-Williams, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sherwin-Williams wasn't on the list.
While Sherwin-Williams currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report