Vest Financial LLC Has $53.36 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Vest Financial LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,981 shares of the specialty chemicals company’s stock after buying an additional 10,017 shares during the period. Vest Financial LLC’s holdings in Sherwin-Williams were worth $53,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Valued Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services bought a new position in Sherwin-Williams during the 3rd quarter valued at about $29,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams in the third quarter valued at about $32,000. GHP Investment Advisors Inc. grew its stake in Sherwin-Williams by 47.5% during the third 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 last quarter. Finally, True Wealth Design LLC increased its holdings in shares of Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 90 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Activity

In related news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction on 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 trade represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 29,205 shares in the company, valued at approximately $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 owned by company insiders.

Wall Street Analyst Weigh In

SHW has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Robert W. Baird increased their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI boosted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Sherwin-Williams Trading Down 1.2 %

NYSE SHW opened at $360.74 on Friday. 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 Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a market capitalization of $90.85 billion, a PE ratio of 34.19, a P/E/G ratio of 3.15 and a beta of 1.22. The stock has a 50-day simple moving average of $356.87 and a 200 day simple moving average of $364.35.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 quarter in the previous year, the company earned $1.81 earnings per share. Research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

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.