Hennion & Walsh Asset Management Inc. Purchases Shares of 2,517 The Sherwin-Williams Company (NYSE:SHW)

Hennion & Walsh Asset Management Inc. bought a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,517 shares of the specialty chemicals company's stock, valued at approximately $856,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. Valued Wealth Advisors LLC increased its holdings in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 32 shares during the last quarter. First Personal Financial Services purchased a new stake in Sherwin-Williams in the third quarter worth $29,000. Semmax Financial Advisors Inc. raised its stake in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 60 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at $32,000. Finally, GHP Investment Advisors Inc. grew its stake 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 worth $33,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SHW. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. KeyCorp reaffirmed a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. Morgan Stanley boosted their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Finally, UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $402.25.

Insiders Place Their Bets

In related news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction 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 $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded down $0.20 on Monday, hitting $353.97. 2,392,508 shares of the company traded hands, compared to its average volume of 1,288,421. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. 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 company has a market cap of $89.15 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.39 and a beta of 1.22. The firm's 50-day simple moving average is $363.89 and its 200 day simple moving average is $360.29.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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 firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm earned $3.20 EPS. Analysts expect 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.