True North Advisors LLC Makes New $3.29 Million Investment in The Sherwin-Williams Company (NYSE:SHW)

True North Advisors LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,668 shares of the specialty chemicals company’s stock, valued at approximately $3,286,000. Sherwin-Williams accounts for 0.8% of True North Advisors LLC’s holdings, making the stock its 26th largest position.

A number of other institutional investors have also modified their holdings of SHW. Nations Financial Group Inc. IA ADV boosted its position in Sherwin-Williams by 13.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock valued at $694,000 after purchasing an additional 209 shares during the period. Tamar Securities LLC boosted its holdings in shares of Sherwin-Williams by 3.4% during the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after acquiring an additional 1,604 shares during the period. Park Avenue Securities LLC grew its position in shares of Sherwin-Williams by 52.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after acquiring an additional 2,303 shares during the last quarter. Burney Co. increased its holdings in shares of Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock worth $5,871,000 after acquiring an additional 766 shares during the period. Finally, Swedbank AB lifted its position in Sherwin-Williams by 4.2% in 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 last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $357.44 on Thursday. The stock’s fifty day simple moving average is $362.74 and its 200-day simple moving average is $361.16. The company has a market capitalization of $90.02 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 2.79 and a beta of 1.22. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. Sherwin-Williams’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.20 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Insider Activity at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated 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 in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade 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 currently owned by insiders.

Analyst Ratings Changes

SHW has been the subject of several analyst reports. 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 report on Thursday, October 24th. Morgan Stanley raised their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, October 18th. BMO Capital Markets lifted their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $402.25.

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.