Journey Strategic Wealth LLC Purchases 171 Shares of The Sherwin-Williams Company (NYSE:SHW)

Journey Strategic Wealth LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 11.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,615 shares of the specialty chemicals company’s stock after purchasing an additional 171 shares during the period. Journey Strategic Wealth LLC’s holdings in Sherwin-Williams were worth $549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Merit Financial Group LLC increased its stake in Sherwin-Williams by 80.0% in the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after purchasing an additional 523 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in Sherwin-Williams by 13.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after buying an additional 209 shares during the period. Tamar Securities LLC lifted its holdings in Sherwin-Williams by 3.4% during the 3rd 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 in the last quarter. Park Avenue Securities LLC boosted its position in Sherwin-Williams by 52.6% in the 4th 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 period. Finally, Burney Co. grew its stake in Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock worth $5,871,000 after acquiring an additional 766 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 2.0 %

Shares of NYSE:SHW opened at $358.23 on Monday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a market capitalization of $90.22 billion, a P/E ratio of 33.96, a P/E/G ratio of 2.86 and a beta of 1.22. The business’s 50-day moving average is $359.64 and its 200 day moving average is $363.60. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS 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 period last year, the company posted $1.81 earnings per share. On average, research analysts predict that The Sherwin-Williams Company will post 12.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Gregory P. Sofish sold 2,565 shares of the 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 transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 approximately $11,621,253.60. The trade was a 35.06 % 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.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup lowered their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Royal Bank of Canada cut their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company increased 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. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $400.65.

About Sherwin-Williams

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.