Nicholas Hoffman & Company LLC. Trims Holdings in The Sherwin-Williams Company (NYSE:SHW)

Nicholas Hoffman & Company LLC. reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,207 shares of the specialty chemicals company’s stock after selling 57 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Sherwin-Williams were worth $410,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SHW. FMR LLC grew its holdings in shares of Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after buying an additional 999,164 shares during the last quarter. International Assets Investment Management LLC raised its stake in Sherwin-Williams by 40,317.4% during the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after acquiring an additional 724,907 shares during the last quarter. Mizuho Securities USA LLC lifted its position in Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after acquiring an additional 308,921 shares during the period. Canoe Financial LP grew its stake in shares of Sherwin-Williams by 542.0% in the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after purchasing an additional 286,791 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Sherwin-Williams by 47.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock valued at $293,889,000 after purchasing an additional 278,242 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada decreased their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Morgan Stanley dropped their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Citigroup reduced their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Barclays lifted their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Sherwin-Williams Trading Down 1.2 %

Shares of SHW stock opened at $356.93 on Tuesday. The stock has a market cap of $89.89 billion, a P/E ratio of 33.83, a P/E/G ratio of 3.15 and a beta of 1.22. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The business has a fifty day simple moving average of $352.96 and a 200-day simple moving average of $365.32.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 prior year, the company posted $1.81 earnings per share. On average, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

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.