Copeland Capital Management LLC Sells 6,569 Shares of The Sherwin-Williams Company (NYSE:SHW)

Copeland Capital Management LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,109 shares of the specialty chemicals company's stock after selling 6,569 shares during the quarter. Copeland Capital Management LLC's holdings in Sherwin-Williams were worth $14,314,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SHW. Valued Wealth Advisors LLC boosted its stake in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 32 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams during the 3rd quarter valued at approximately $32,000. GHP Investment Advisors Inc. raised its stake in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after buying an additional 28 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Sherwin-Williams in the third quarter worth $38,000. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction 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 trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now owns 6,329 shares of the company's stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $7.22 on Wednesday, hitting $364.81. 718,849 shares of the stock traded hands, compared to its average volume of 1,641,557. The firm has a market cap of $91.88 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $358.05 and a two-hundred day simple moving average of $364.34. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data 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 net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the company earned $1.81 EPS. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SHW. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday. UBS Group reiterated an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Robert W. Baird raised their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Evercore ISI upped their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Morgan Stanley reduced their target price on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $400.00.

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.