Vision Capital Management Inc. Sells 5,918 Shares of The Sherwin-Williams Company (NYSE:SHW)

Vision Capital Management Inc. decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 15.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 33,021 shares of the specialty chemicals company’s stock after selling 5,918 shares during the quarter. Sherwin-Williams makes up approximately 1.6% of Vision Capital Management Inc.’s portfolio, making the stock its 16th largest position. Vision Capital Management Inc.’s holdings in Sherwin-Williams were worth $11,225,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after acquiring an additional 999,164 shares during the period. Geode Capital Management LLC lifted its stake in Sherwin-Williams by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after buying an additional 58,463 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Sherwin-Williams by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after purchasing an additional 15,843 shares during the period. Franklin Resources Inc. raised its position in shares of Sherwin-Williams by 5.8% during the third quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company’s stock worth $542,711,000 after purchasing an additional 78,075 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Sherwin-Williams by 1.0% during the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after purchasing an additional 10,709 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction 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 business’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 completion of the transaction, the senior vice president now 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 disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

SHW opened at $364.41 on Thursday. The stock’s 50 day simple moving average is $358.05 and its 200 day simple moving average is $364.34. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. 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 $91.78 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.86 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its quarterly 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 quarter last year, the business posted $1.81 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Mizuho lowered their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Citigroup reduced their price objective on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Evercore ISI upped their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target 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. Finally, JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $400.00.

About Sherwin-Williams

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.