The Sherwin-Williams Company (NYSE:SHW) Position Lowered by Forsta AP Fonden

Forsta AP Fonden trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,200 shares of the specialty chemicals company’s stock after selling 600 shares during the period. Forsta AP Fonden’s holdings in Sherwin-Williams were worth $23,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Nvest Financial LLC lifted its holdings in Sherwin-Williams by 27.6% in the fourth quarter. Nvest Financial LLC now owns 4,803 shares of the specialty chemicals company’s stock worth $1,633,000 after acquiring an additional 1,039 shares during the last quarter. Asset Dedication LLC boosted its position in Sherwin-Williams by 23.0% during the 4th quarter. Asset Dedication LLC now owns 2,810 shares of the specialty chemicals company’s stock valued at $955,000 after purchasing an additional 526 shares during the period. SteelPeak Wealth LLC lifted its stake in Sherwin-Williams by 162.7% in the fourth quarter. SteelPeak Wealth LLC now owns 3,089 shares of the specialty chemicals company’s stock valued at $1,050,000 after buying an additional 1,913 shares during the last quarter. BSW Wealth Partners boosted its holdings in shares of Sherwin-Williams by 14.3% during the fourth quarter. BSW Wealth Partners now owns 1,078 shares of the specialty chemicals company’s stock valued at $366,000 after acquiring an additional 135 shares during the period. Finally, Bensler LLC boosted its holdings in shares of Sherwin-Williams by 1.9% during the fourth quarter. Bensler LLC now owns 23,258 shares of the specialty chemicals company’s stock valued at $7,906,000 after acquiring an additional 427 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $364.40 on Wednesday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The firm’s 50 day simple moving average is $360.82 and its 200-day simple moving average is $363.06. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The company has a market cap of $91.77 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22.

Insiders Place Their Bets

In other Sherwin-Williams news, 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 transaction 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. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the 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 completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of several recent research reports. Morgan Stanley cut their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.65.

Sherwin-Williams Company 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.