Lynch & Associates IN Increases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Lynch & Associates IN increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,419 shares of the specialty chemicals company’s stock after purchasing an additional 265 shares during the period. Lynch & Associates IN’s holdings in Sherwin-Williams were worth $2,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PFG Advisors raised its stake in Sherwin-Williams by 0.6% during the 3rd quarter. PFG Advisors now owns 5,822 shares of the specialty chemicals company’s stock valued at $2,222,000 after buying an additional 32 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC bought a new stake in shares of Sherwin-Williams in the third quarter worth $201,000. Cabot Wealth Management Inc. increased its position in Sherwin-Williams by 78.0% during the third quarter. Cabot Wealth Management Inc. now owns 8,536 shares of the specialty chemicals company’s stock valued at $3,258,000 after acquiring an additional 3,741 shares during the last quarter. Trust Co. of Oklahoma lifted its holdings in Sherwin-Williams by 2.0% in the third quarter. Trust Co. of Oklahoma now owns 3,678 shares of the specialty chemicals company’s stock valued at $1,404,000 after acquiring an additional 72 shares during the period. Finally, Swedbank AB grew its stake in shares of Sherwin-Williams by 4.2% during the 3rd quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock valued at $44,676,000 after purchasing an additional 4,681 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Activity

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.1 %

SHW stock opened at $388.55 on Wednesday. The firm has a market cap of $98.02 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. The firm has a fifty day moving average price of $367.81 and a 200 day moving average price of $332.74. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $392.57.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the firm posted $3.29 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts anticipate that The Sherwin-Williams Company will post 11.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SHW has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Evercore ISI lifted their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. UBS Group boosted their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. Finally, Robert W. Baird boosted their price target on Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $373.17.

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.