4,230 Shares in The Sherwin-Williams Company (NYSE:SHW) Bought by Stillwater Capital Advisors LLC

Stillwater Capital Advisors LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,230 shares of the specialty chemicals company’s stock, valued at approximately $1,614,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Sherwin-Williams by 0.9% during the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after buying an additional 184,979 shares in the last quarter. Capital International Investors boosted its stake in Sherwin-Williams by 10.5% during the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock worth $799,595,000 after buying an additional 219,149 shares in the last quarter. Legal & General Group Plc boosted its stake in Sherwin-Williams by 2.9% during the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock worth $573,538,000 after buying an additional 53,487 shares in the last quarter. PineStone Asset Management Inc. boosted its stake in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after buying an additional 917,979 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Sherwin-Williams by 18.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock worth $454,917,000 after buying an additional 238,031 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SHW. The Goldman Sachs Group lifted their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. Evercore ISI boosted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, Morgan Stanley boosted their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $373.17.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $388.55 on Wednesday. The stock has a 50-day simple moving average of $367.81 and a 200 day simple moving average of $332.74. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $392.57. The stock has a market capitalization of $98.02 billion, a price-to-earnings ratio of 39.61, a P/E/G ratio of 2.95 and a beta of 1.17.

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

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were 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 directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

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.