Brendel Financial Advisors LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,533 shares of the specialty chemicals company's stock after selling 841 shares during the quarter. Sherwin-Williams makes up 8.7% of Brendel Financial Advisors LLC's holdings, making the stock its biggest position. Brendel Financial Advisors LLC's holdings in Sherwin-Williams were worth $14,458,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock valued at $2,474,238,000 after buying an additional 999,164 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Sherwin-Williams by 40,317.4% during the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company's stock valued at $277,361,000 after buying an additional 724,907 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Sherwin-Williams by 54.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company's stock valued at $422,654,000 after buying an additional 496,326 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company's stock valued at $124,769,000 after buying an additional 308,921 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of 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 valued at $454,917,000 after buying an additional 238,031 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on SHW. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Evercore ISI upped their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Citigroup decreased their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Robert W. Baird upped their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Finally, Mizuho decreased their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average target price of $402.25.
Check Out Our Latest Report on SHW
Sherwin-Williams Price Performance
SHW stock opened at $341.65 on Wednesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm's fifty day moving average is $365.83 and its 200 day moving average is $359.11. The firm has a market cap of $86.05 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.94 and a beta of 1.22.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 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 business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business posted $3.20 EPS. Sherwin-Williams's revenue for the quarter was up .7% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.
Insider Activity at Sherwin-Williams
In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction 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. This represents a 28.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 29,205 shares of the company's stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.
About Sherwin-Williams
(
Free Report)
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.
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