Trivant Custom Portfolio Group LLC Has $917,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

Trivant Custom Portfolio Group LLC trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 37.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,699 shares of the specialty chemicals company's stock after selling 1,588 shares during the period. Trivant Custom Portfolio Group LLC's holdings in Sherwin-Williams were worth $917,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC increased its stake in Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock worth $2,474,238,000 after buying an additional 999,164 shares during the period. Geode Capital Management LLC boosted its holdings in Sherwin-Williams by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company's stock valued at $1,799,196,000 after purchasing an additional 58,463 shares during the last quarter. Legal & General Group Plc grew its stake in Sherwin-Williams by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company's stock valued at $573,538,000 after purchasing an additional 53,487 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Sherwin-Williams by 18.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company's stock worth $454,917,000 after purchasing an additional 238,031 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Sherwin-Williams by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company's stock valued at $542,387,000 after purchasing an additional 15,843 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

NYSE:SHW traded down $0.20 during mid-day trading on Friday, reaching $353.97. 2,392,508 shares of the stock were exchanged, compared to its average volume of 1,288,421. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. 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 firm has a market capitalization of $89.15 billion, a PE ratio of 35.26, a PEG ratio of 2.39 and a beta of 1.22. The business has a fifty day moving average price of $363.89 and a 200 day moving average price of $359.85.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the firm earned $3.20 earnings per share. The business's revenue was up .7% compared to the same quarter last year. Research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Insider Activity at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares of the company's stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the firm'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 sale, the senior vice president now owns 29,205 shares of the company's stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SHW shares. Citigroup decreased their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. StockNews.com lowered shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Morgan Stanley upped their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. UBS Group restated an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, Mizuho dropped their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams currently 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.