Thurston Springer Miller Herd & Titak Inc. Acquires 2,832 Shares of The Sherwin-Williams Company (NYSE:SHW)

Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 88.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,017 shares of the specialty chemicals company's stock after acquiring an additional 2,832 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Sherwin-Williams were worth $2,045,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC raised its position in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 32 shares during the period. First Personal Financial Services bought a new position in shares of Sherwin-Williams during the third quarter valued at about $29,000. Semmax Financial Advisors Inc. increased its holdings in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 60 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $32,000. Finally, GHP Investment Advisors Inc. boosted its holdings in Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after acquiring an additional 28 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated 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 in the company, valued at $11,621,253.60. This trade 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

A number of research firms have recently weighed in on SHW. Robert W. Baird increased their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. KeyCorp reissued a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company raised their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $402.25.

Sherwin-Williams Stock Up 1.6 %

Sherwin-Williams stock traded up $5.30 on Wednesday, hitting $346.94. 1,741,105 shares of the stock traded hands, compared to its average volume of 1,683,401. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The firm has a market cap of $87.38 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22. 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 business's fifty day simple moving average is $365.83 and its 200 day simple moving average is $359.11.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly 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). The business had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company's revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $3.20 earnings per share. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 11.32 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.