Cove Private Wealth LLC Makes New $493,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

Cove Private Wealth LLC bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,449 shares of the specialty chemicals company's stock, valued at approximately $493,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth about $278,000. Intech Investment Management LLC increased its holdings in shares of Sherwin-Williams by 83.2% during the second quarter. Intech Investment Management LLC now owns 22,749 shares of the specialty chemicals company's stock worth $6,789,000 after buying an additional 10,329 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Sherwin-Williams by 92.1% in the second quarter. Brighton Jones LLC now owns 1,863 shares of the specialty chemicals company's stock valued at $556,000 after acquiring an additional 893 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of Sherwin-Williams by 8.1% in the 2nd quarter. Ieq Capital LLC now owns 10,810 shares of the specialty chemicals company's stock worth $3,226,000 after acquiring an additional 812 shares in the last quarter. Finally, AE Wealth Management LLC grew its position in Sherwin-Williams by 0.8% during the 2nd quarter. AE Wealth Management LLC now owns 7,558 shares of the specialty chemicals company's stock worth $2,256,000 after acquiring an additional 61 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction dated 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 sale, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the 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 of the company's stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 0.1 %

Shares of SHW stock traded down $0.20 on Monday, hitting $353.97. The stock had a trading volume of 2,392,508 shares, compared to its average volume of 1,288,421. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a fifty day moving average price of $363.89 and a two-hundred day moving average price of $360.29. The firm has a market cap of $89.15 billion, a P/E ratio of 35.26, a PEG ratio of 2.39 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (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 business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the firm posted $3.20 earnings per share. The firm's revenue was up .7% on a year-over-year basis. As a group, analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on SHW shares. Wells Fargo & Company increased their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Citigroup decreased their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Barclays boosted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. Evercore ISI increased their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $402.25.

About Sherwin-Williams

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.