Caprock Group LLC Purchases 1,382 Shares of The Sherwin-Williams Company (NYSE:SHW)

Caprock Group LLC boosted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 21.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,697 shares of the specialty chemicals company's stock after acquiring an additional 1,382 shares during the period. Caprock Group LLC's holdings in Sherwin-Williams were worth $2,617,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Merit Financial Group LLC increased its holdings in shares of Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after buying an additional 523 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Sherwin-Williams by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company's stock worth $694,000 after acquiring an additional 209 shares during the last quarter. Tamar Securities LLC raised its holdings in shares of Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock worth $18,608,000 after purchasing an additional 1,604 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Sherwin-Williams by 52.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after purchasing an additional 2,303 shares during the period. Finally, Burney Co. raised its holdings in Sherwin-Williams by 4.6% in the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock valued at $5,871,000 after buying an additional 766 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business's 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 sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the senior vice president now owns 29,205 shares of the company's stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Evercore ISI upped their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Mizuho decreased their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley lowered their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lifted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $400.00.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded up $6.82 during mid-day trading on Wednesday, hitting $364.41. The company's stock had a trading volume of 1,619,266 shares, compared to its average volume of 1,682,464. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The stock's fifty day moving average price is $358.05 and its two-hundred day moving average price is $364.34. The stock has a market capitalization of $91.78 billion, a P/E ratio of 34.54, a P/E/G ratio of 2.86 and a beta of 1.22. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly 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 74.50% and a net margin of 11.61%. During the same quarter last year, the business posted $1.81 earnings per share. Research analysts forecast that The Sherwin-Williams Company will post 12.12 earnings per share for the current 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.