The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Lessened by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. cut its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 69.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 878 shares of the specialty chemicals company's stock after selling 2,022 shares during the period. Geneos Wealth Management Inc.'s holdings in Sherwin-Williams were worth $298,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings 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 acquiring an additional 999,164 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company's stock valued at $277,361,000 after acquiring an additional 724,907 shares during the period. Mizuho Securities USA LLC raised its stake in Sherwin-Williams by 1,717.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company's stock worth $124,769,000 after acquiring an additional 308,921 shares during the last quarter. Canoe Financial LP lifted its position in Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock worth $115,477,000 after acquiring an additional 286,791 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Sherwin-Williams by 163.5% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 241,508 shares of the specialty chemicals company's stock worth $92,176,000 after buying an additional 149,851 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated 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 owns 29,205 shares of the company's stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Up 1.8 %

Shares of SHW stock traded up $6.54 during mid-day trading on Thursday, reaching $366.95. The company's stock had a trading volume of 1,799,384 shares, compared to its average volume of 1,585,749. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a market capitalization of $92.42 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The company's 50 day simple moving average is $360.59 and its 200-day simple moving average is $363.04.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. During the same quarter last year, the company earned $1.81 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SHW. UBS Group reiterated an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Barclays boosted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Evercore ISI raised their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $400.65.

Sherwin-Williams Company 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.