Pacer Advisors Inc. Cuts Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Pacer Advisors Inc. trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,306 shares of the specialty chemicals company's stock after selling 1,890 shares during the period. Pacer Advisors Inc.'s holdings in Sherwin-Williams were worth $6,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its position in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 32 shares in the last quarter. First Personal Financial Services bought a new stake in Sherwin-Williams during the third quarter valued at about $29,000. FSA Wealth Management LLC purchased a new position in Sherwin-Williams in the third quarter valued at about $32,000. GHP Investment Advisors Inc. raised its holdings in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock worth $33,000 after purchasing an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Sherwin-Williams during the third quarter valued at about $38,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent analyst reports. StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Robert W. Baird increased their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $400.65.

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 completion of the sale, the senior vice president now directly owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Up 1.5 %

Shares of SHW traded up $5.42 during trading on Thursday, reaching $365.83. 3,402,547 shares of the company traded hands, compared to its average volume of 1,671,861. The stock has a 50-day simple moving average of $360.59 and a 200-day simple moving average of $363.04. 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 Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The stock has a market cap of $92.13 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its 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 net margin of 11.09% and a return on equity of 74.45%. During the same quarter last year, the firm posted $1.81 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

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.