Golden State Equity Partners Acquires 806 Shares of The Sherwin-Williams Company (NYSE:SHW)

Golden State Equity Partners boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 53.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,321 shares of the specialty chemicals company’s stock after acquiring an additional 806 shares during the period. Golden State Equity Partners’ holdings in Sherwin-Williams were worth $789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Merit Financial Group LLC boosted its stake in Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock valued at $400,000 after buying an additional 523 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Sherwin-Williams by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock valued at $694,000 after buying an additional 209 shares during the last quarter. Tamar Securities LLC boosted its stake in Sherwin-Williams by 3.4% during the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after buying an additional 1,604 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Sherwin-Williams by 52.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $2,271,000 after buying an additional 2,303 shares during the last quarter. Finally, Burney Co. boosted its stake in Sherwin-Williams by 4.6% during the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock valued at $5,871,000 after buying an additional 766 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated 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 directly owns 6,329 shares of the company’s stock, 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. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 2.0 %

SHW opened at $358.23 on Monday. The stock’s fifty day moving average is $359.64 and its two-hundred day moving average is $363.60. The company has a market capitalization of $90.22 billion, a P/E ratio of 33.96, a PEG ratio of 2.86 and a beta of 1.22. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the firm posted $1.81 EPS. Analysts forecast that The Sherwin-Williams Company will post 12.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of research reports. Royal Bank of Canada dropped their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho lowered their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $400.65.

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.