Wilmington Savings Fund Society FSB Sells 898 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wilmington Savings Fund Society FSB lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 5.4% in the 4th quarter, HoldingsChannel reports. The firm owned 15,849 shares of the specialty chemicals company’s stock after selling 898 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Sherwin-Williams were worth $5,388,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brookstone Capital Management boosted its position in Sherwin-Williams by 3.6% during the third quarter. Brookstone Capital Management now owns 5,546 shares of the specialty chemicals company’s stock valued at $2,117,000 after purchasing an additional 191 shares in the last quarter. CWM LLC lifted its position in shares of Sherwin-Williams by 15.9% during the third quarter. CWM LLC now owns 8,740 shares of the specialty chemicals company’s stock valued at $3,336,000 after buying an additional 1,198 shares during the last quarter. LongView Wealth Management boosted its holdings in shares of Sherwin-Williams by 3.7% in the 3rd quarter. LongView Wealth Management now owns 893 shares of the specialty chemicals company’s stock valued at $341,000 after buying an additional 32 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Sherwin-Williams by 308.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,713 shares of the specialty chemicals company’s stock worth $653,000 after buying an additional 1,294 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in Sherwin-Williams by 8.8% during the third quarter. Valeo Financial Advisors LLC now owns 2,868 shares of the specialty chemicals company’s stock valued at $1,095,000 after acquiring an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $360.74 on Friday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The firm’s 50 day moving average price is $356.13 and its 200-day moving average price is $364.61. The firm 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.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter last year, the company earned $1.81 earnings per share. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reduced their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price objective 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. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

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.