Tyche Wealth Partners LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,786 shares of the specialty chemicals company's stock, valued at approximately $947,000.
A number of other hedge funds and other institutional investors have also modified their holdings of SHW. Valued Wealth Advisors LLC boosted its position in shares of 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 last quarter. First Personal Financial Services bought a new position in Sherwin-Williams in the third quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $32,000. GHP Investment Advisors Inc. increased its holdings in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after purchasing an additional 28 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Sherwin-Williams in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 77.67% of the company's stock.
Insider Activity at Sherwin-Williams
In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company's 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 in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Citigroup dropped their price objective on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada cut their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday. StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Evercore ISI lifted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their target price 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $400.00.
Get Our Latest Stock Analysis on SHW
Sherwin-Williams Stock Performance
Shares of SHW stock traded down $5.01 during mid-day trading on Friday, reaching $360.21. The stock had a trading volume of 570,722 shares, compared to its average volume of 1,609,113. 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 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm has a market cap of $90.72 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.86 and a beta of 1.22. The business's fifty day moving average is $356.87 and its 200-day moving average is $364.35.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 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 last year, the firm earned $1.81 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12.12 earnings per share for the current year.
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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