The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Burney Co.

Burney Co. lifted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,272 shares of the specialty chemicals company's stock after purchasing an additional 766 shares during the period. Burney Co.'s holdings in Sherwin-Williams were worth $5,871,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SHW. Griffin Asset Management Inc. boosted its stake in Sherwin-Williams by 0.3% in 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 acquiring an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake 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 buying an additional 28 shares during the last quarter. GHP Investment Advisors Inc. increased 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 buying an additional 28 shares in the last quarter. Allworth Financial LP raised its stake in Sherwin-Williams by 1.8% in the third quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock valued at $595,000 after buying an additional 28 shares during the last quarter. Finally, First Interstate Bank boosted its holdings in Sherwin-Williams by 1.9% in the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after acquiring an additional 28 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHW has been the topic of several research analyst reports. Evercore ISI boosted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. BMO Capital Markets lifted their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an "outperform" rating in a report on Monday, September 30th. Barclays boosted their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Citigroup cut their price objective on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Finally, Mizuho dropped their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average target price of $402.25.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the 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 sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW stock traded up $5.30 during midday trading on Wednesday, hitting $346.94. The company had a trading volume of 1,741,105 shares, compared to its average volume of 1,682,142. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The company's 50 day simple moving average is $365.83 and its 200 day simple moving average is $359.11. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a market cap of $87.38 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the business earned $3.20 EPS. Sherwin-Williams's revenue for the quarter was up .7% on a year-over-year basis. Research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

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.