The Sherwin-Williams Company (NYSE:SHW) Holdings Boosted by Vest Financial LLC

Vest Financial LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,981 shares of the specialty chemicals company’s stock after purchasing an additional 10,017 shares during the period. Vest Financial LLC owned approximately 0.06% of Sherwin-Williams worth $53,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SHW. Joel Isaacson & Co. LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth about $305,000. Appleton Partners Inc. MA increased its holdings in shares of Sherwin-Williams by 2.1% in the 4th quarter. Appleton Partners Inc. MA now owns 34,496 shares of the specialty chemicals company’s stock valued at $11,726,000 after purchasing an additional 705 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $47,000. Global X Japan Co. Ltd. boosted its holdings in shares of Sherwin-Williams by 13.2% during the fourth quarter. Global X Japan Co. Ltd. now owns 1,439 shares of the specialty chemicals company’s stock worth $489,000 after purchasing an additional 168 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Sherwin-Williams by 682.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 244,285 shares of the specialty chemicals company’s stock valued at $83,040,000 after purchasing an additional 213,076 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In other news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $360.74 on Friday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The company has a market cap of $90.85 billion, a P/E ratio of 34.19, a P/E/G ratio of 3.15 and a beta of 1.22. The business’s 50 day moving average is $356.87 and its two-hundred day moving average is $364.35.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $1.81 EPS. On average, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and upped their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley lowered their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. One investment 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 data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $400.00.

Sherwin-Williams 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.