Avior Wealth Management LLC Increases Position in The Sherwin-Williams Company (NYSE:SHW)

Avior Wealth Management LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHWFree Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,040 shares of the specialty chemicals company’s stock after buying an additional 63 shares during the quarter. Avior Wealth Management LLC’s holdings in Sherwin-Williams were worth $1,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Beacon Investment Advisory Services Inc. lifted its position in shares of Sherwin-Williams by 0.3% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 71,461 shares of the specialty chemicals company’s stock worth $24,292,000 after purchasing an additional 191 shares during the last quarter. True North Advisors LLC purchased a new position in Sherwin-Williams in the 4th quarter worth about $3,286,000. Independent Wealth Network Inc. lifted its holdings in Sherwin-Williams by 7.9% during the 4th quarter. Independent Wealth Network Inc. now owns 1,675 shares of the specialty chemicals company’s stock valued at $569,000 after buying an additional 123 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Sherwin-Williams by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 135,786 shares of the specialty chemicals company’s stock valued at $46,158,000 after buying an additional 2,227 shares during the period. Finally, Dupont Capital Management Corp grew its stake in Sherwin-Williams by 15.0% in the 4th quarter. Dupont Capital Management Corp now owns 25,227 shares of the specialty chemicals company’s stock worth $8,575,000 after acquiring an additional 3,291 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

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 value of $971,185.95. Following the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams 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 directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

SHW has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted 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. Wells Fargo & Company upped their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Citigroup cut their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $402.25.

Read Our Latest Stock Report on SHW

Sherwin-Williams Stock Up 1.0 %

Sherwin-Williams stock opened at $361.28 on Friday. The business has a fifty day moving average price of $362.14 and a 200-day moving average price of $361.13. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The stock has a market capitalization of $90.99 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 2.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share 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 return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.20 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal 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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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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