Aveo Capital Partners LLC Sells 334 Shares of The Sherwin-Williams Company (NYSE:SHW)

Aveo Capital Partners LLC lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,217 shares of the specialty chemicals company’s stock after selling 334 shares during the quarter. Aveo Capital Partners LLC’s holdings in Sherwin-Williams were worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC increased 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 worth $26,000 after buying an additional 32 shares during the period. First Personal Financial Services purchased a new position in Sherwin-Williams in the 3rd quarter worth about $29,000. FSA Wealth Management LLC purchased a new position in Sherwin-Williams in the 3rd quarter worth about $32,000. GHP Investment Advisors Inc. increased 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 worth $33,000 after buying an additional 28 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Sherwin-Williams in the 3rd quarter worth about $38,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.2 %

Shares of SHW stock opened at $356.93 on Friday. The company’s 50-day moving average price is $353.51 and its 200-day moving average price is $365.09. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The stock has a market cap of $89.89 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 3.15 and a beta of 1.22. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 period in the previous year, the company earned $1.81 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction that occurred on 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 sale, 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 disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on SHW. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Robert W. Baird raised their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley cut their target price 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, January 28th. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. 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 stock. According to MarketBeat.com, the stock currently 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.