Hantz Financial Services Inc. Cuts Stake in The Sherwin-Williams Company (NYSE:SHW)

Hantz Financial Services Inc. lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,283 shares of the specialty chemicals company's stock after selling 2,919 shares during the period. Hantz Financial Services Inc.'s holdings in Sherwin-Williams were worth $10,294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Griffin Asset Management Inc. lifted its stake in Sherwin-Williams by 0.3% during the 3rd 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 during the period. Capital Advisors Ltd. LLC increased its position in shares of 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 valued at $458,000 after purchasing an additional 28 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of 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 purchasing an additional 28 shares during the last quarter. Allworth Financial LP increased its position in shares of Sherwin-Williams by 1.8% during the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock valued at $595,000 after purchasing an additional 28 shares during the last quarter. Finally, First Interstate Bank increased its position in shares of Sherwin-Williams by 1.9% during the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock valued at $560,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling

In other news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams 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 sale, the senior vice president now owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SHW has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Morgan Stanley reduced their price target 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. Mizuho reduced their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Citigroup reduced their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $400.65.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $7.32 during midday trading on Friday, reaching $358.23. 1,870,776 shares of the stock traded hands, compared to its average volume of 1,418,212. 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 stock has a market capitalization of $90.22 billion, a PE ratio of 35.68, a P/E/G ratio of 2.82 and a beta of 1.22. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company's 50 day moving average is $359.64 and its 200 day moving average is $363.34.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. During the same period in the prior year, the firm earned $1.81 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.31 earnings per share for the current year.

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.