HB Wealth Management LLC Has $7.32 Million Position in The Sherwin-Williams Company (NYSE:SHW)

HB Wealth Management LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,525 shares of the specialty chemicals company’s stock after buying an additional 153 shares during the quarter. HB Wealth Management LLC’s holdings in Sherwin-Williams were worth $7,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SHW. Valued Wealth Advisors LLC increased its position in 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 acquiring an additional 32 shares in the last quarter. First Personal Financial Services bought a new stake in shares of Sherwin-Williams during the third quarter valued at approximately $29,000. Semmax Financial Advisors Inc. increased its holdings in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares in the last quarter. FSA Wealth Management LLC bought a new position in Sherwin-Williams in the 3rd quarter worth approximately $32,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Sherwin-Williams by 47.5% during the 3rd 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 in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Down 0.1 %

NYSE:SHW opened at $353.97 on Friday. 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 business’s 50-day simple moving average is $363.89 and its 200-day simple moving average is $359.40. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock has a market capitalization of $89.15 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the firm posted $3.20 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 transaction of $6,275,198.40. Following the completion of the transaction, 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 ownership of the stock. The transaction 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 Sherwin-Williams stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent research reports. Mizuho dropped their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Citigroup cut their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Barclays increased their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $402.25.

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.