Canoe Financial LP Purchases 286,791 Shares of The Sherwin-Williams Company (NYSE:SHW)

Canoe Financial LP lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 542.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 339,707 shares of the specialty chemicals company's stock after purchasing an additional 286,791 shares during the period. Sherwin-Williams accounts for about 1.7% of Canoe Financial LP's investment portfolio, making the stock its 22nd biggest holding. Canoe Financial LP owned about 0.13% of Sherwin-Williams worth $115,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Arthur M. Cohen & Associates LLC boosted its position in shares of Sherwin-Williams by 26.2% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 1,253 shares of the specialty chemicals company's stock valued at $426,000 after purchasing an additional 260 shares in the last quarter. Albert D Mason Inc. boosted its holdings in shares of Sherwin-Williams by 0.7% during the 4th quarter. Albert D Mason Inc. now owns 6,363 shares of the specialty chemicals company's stock valued at $2,163,000 after buying an additional 44 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock valued at $400,000 after purchasing an additional 523 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of Sherwin-Williams by 0.9% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,492 shares of the specialty chemicals company's stock worth $5,946,000 after buying an additional 158 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd bought a new position in Sherwin-Williams during the 4th quarter valued at approximately $42,019,000. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded down $0.20 during trading on Friday, hitting $353.97. 2,392,508 shares of the company's stock were exchanged, compared to its average volume of 1,288,421. The business's 50-day simple moving average is $363.89 and its 200 day simple moving average is $359.85. 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 Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a market cap of $89.15 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 2.39 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data 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). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the business earned $3.20 EPS. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Insider Activity

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The shares were 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 of the company's stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares in the company, 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. Company insiders own 0.60% of the company's stock.

Analyst Ratings Changes

SHW has been the subject of several analyst reports. Robert W. Baird raised their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Evercore ISI raised their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. UBS Group reaffirmed an "underperform" rating on shares of Sherwin-Williams in a report on Friday, October 18th. 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 research report on Friday, October 18th. Finally, BMO Capital Markets lifted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $402.25.

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.