Van ECK Associates Corp trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,228 shares of the specialty chemicals company's stock after selling 8,718 shares during the period. Van ECK Associates Corp's holdings in Sherwin-Williams were worth $14,355,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Valued Wealth Advisors LLC raised its stake 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 valued at $26,000 after acquiring an additional 32 shares during the period. First Personal Financial Services bought a new stake in Sherwin-Williams in the 3rd quarter valued at about $29,000. FSA Wealth Management LLC bought a new stake in Sherwin-Williams in the 3rd quarter valued at about $32,000. GHP Investment Advisors Inc. raised its stake in Sherwin-Williams by 47.5% in 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. Finally, True Wealth Design LLC raised its stake in Sherwin-Williams by 1,000.0% in the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company's stock valued at $38,000 after acquiring an additional 90 shares during the period. 77.67% of the stock is currently owned by institutional investors.
Sherwin-Williams Price Performance
SHW traded down $1.61 during midday trading on Wednesday, hitting $351.39. The stock had a trading volume of 1,394,412 shares, compared to its average volume of 1,584,459. The company has a market cap of $88.50 billion, a P/E ratio of 33.31, a price-to-earnings-growth ratio of 3.08 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The business has a fifty day moving average of $352.19 and a 200 day moving average of $365.40. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.
Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the business earned $1.81 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.
Insider Transactions at Sherwin-Williams
In other news, 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 transaction, the senior vice president now owns 29,205 shares of the company's stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on SHW shares. Robert W. Baird upped their price target on 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 target on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Royal Bank of Canada decreased their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley decreased their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Finally, Citigroup decreased their price target on Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $400.00.
Read Our Latest Research Report on Sherwin-Williams
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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