Institute for Wealth Management LLC. Grows Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Institute for Wealth Management LLC. boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,126 shares of the specialty chemicals company’s stock after acquiring an additional 155 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Sherwin-Williams were worth $1,402,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in Sherwin-Williams by 18.2% during the 3rd 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 period. International Assets Investment Management LLC increased its holdings 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 worth $277,361,000 after purchasing an additional 724,907 shares during the period. Mizuho Securities USA LLC raised its position in Sherwin-Williams by 1,717.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock valued at $124,769,000 after purchasing an additional 308,921 shares in the last quarter. Canoe Financial LP grew its position in shares of Sherwin-Williams by 542.0% during the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after buying an additional 286,791 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Sherwin-Williams by 163.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 241,508 shares of the specialty chemicals company’s stock worth $92,176,000 after buying an additional 149,851 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on SHW. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Robert W. Baird increased their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $400.65.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the business’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 transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 1.5 %

Sherwin-Williams stock opened at $365.83 on Friday. The stock has a market capitalization of $92.13 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.82 and a beta of 1.22. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock has a 50 day moving average of $360.59 and a two-hundred day moving average of $363.04. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. During the same period last year, the business posted $1.81 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 11.31 earnings per share for the current 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.