Swedbank AB Increases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Swedbank AB grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,428 shares of the specialty chemicals company's stock after acquiring an additional 1,373 shares during the quarter. Swedbank AB's holdings in Sherwin-Williams were worth $40,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of SHW. Quarry LP increased its holdings in Sherwin-Williams by 436.9% during the second quarter. Quarry LP now owns 451 shares of the specialty chemicals company's stock worth $135,000 after buying an additional 367 shares during the last quarter. Regal Investment Advisors LLC lifted its position in shares of Sherwin-Williams by 5.0% during the 2nd quarter. Regal Investment Advisors LLC now owns 2,714 shares of the specialty chemicals company's stock valued at $810,000 after buying an additional 130 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Sherwin-Williams by 4.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company's stock worth $1,163,000 after acquiring an additional 166 shares during the period. Truist Financial Corp increased its holdings in Sherwin-Williams by 0.9% in the 2nd quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company's stock worth $15,579,000 after acquiring an additional 446 shares during the last quarter. Finally, Advisory Alpha LLC raised its stake in Sherwin-Williams by 0.6% in the 2nd quarter. Advisory Alpha LLC now owns 5,585 shares of the specialty chemicals company's stock valued at $1,667,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction on Monday, November 18th. The shares were 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 $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 is available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams 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 transaction, the senior vice president now owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com lowered Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Citigroup lowered their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Morgan Stanley cut their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday. Barclays raised their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Finally, Mizuho reduced their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $400.65.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded up $5.03 during midday trading on Thursday, reaching $365.44. 1,981,264 shares of the company's stock traded hands, compared to its average volume of 1,594,179. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The stock has a 50 day moving average of $360.59 and a 200 day moving average of $363.04. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The company has a market cap of $92.04 billion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 2.78 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 quarter in the previous year, the firm earned $1.81 earnings per share. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal 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.