SteelPeak Wealth LLC Buys 1,913 Shares of The Sherwin-Williams Company (NYSE:SHW)

SteelPeak Wealth LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 162.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,089 shares of the specialty chemicals company's stock after acquiring an additional 1,913 shares during the period. SteelPeak Wealth LLC's holdings in Sherwin-Williams were worth $1,050,000 as of its most recent SEC filing.

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

Sherwin-Williams Stock Performance

NYSE SHW traded up $5.42 on Thursday, hitting $365.83. 3,403,885 shares of the company traded hands, compared to its average volume of 1,671,950. 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 Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The business's 50 day moving average price is $360.59 and its 200-day moving average price is $363.04. The company has a market capitalization of $92.13 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 2.78 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $1.81 earnings per share. Equities analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Insider Activity

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of the company'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 transaction, the senior vice president now directly owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This represents a 35.06 % 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.

Wall Street Analyst Weigh In

SHW has been the topic of a number of analyst reports. StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Royal Bank of Canada reduced their price target on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. UBS Group reissued an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Finally, Barclays raised their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $400.65.

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.