Tran Capital Management L.P. Trims Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Tran Capital Management L.P. decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 5.6% in the fourth quarter, Holdings Channel reports. The firm owned 76,945 shares of the specialty chemicals company’s stock after selling 4,602 shares during the period. Sherwin-Williams accounts for 3.0% of Tran Capital Management L.P.’s investment portfolio, making the stock its 14th largest holding. Tran Capital Management L.P.’s holdings in Sherwin-Williams were worth $26,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. XTX Topco Ltd purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth $278,000. Public Sector Pension Investment Board lifted its stake in Sherwin-Williams by 84.9% in the second quarter. Public Sector Pension Investment Board now owns 7,880 shares of the specialty chemicals company’s stock worth $2,352,000 after acquiring an additional 3,619 shares during the period. MBB Public Markets I LLC grew its holdings in Sherwin-Williams by 1,536.9% during the 2nd quarter. MBB Public Markets I LLC now owns 16,942 shares of the specialty chemicals company’s stock worth $5,056,000 after acquiring an additional 15,907 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in Sherwin-Williams during the 2nd quarter valued at about $998,000. Finally, Legal & General Group Plc lifted its position in shares of Sherwin-Williams by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock worth $573,538,000 after purchasing an additional 53,487 shares during the period. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SHW. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays boosted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Citigroup dropped their price objective on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $403.29.

Sherwin-Williams Price Performance

NYSE SHW opened at $360.06 on Friday. The company has a market cap of $90.68 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The stock’s fifty day moving average price is $361.22 and its 200 day moving average price is $361.55. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

Insider Activity

In related news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This represents 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 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.