The Sherwin-Williams Company (NYSE:SHW) Stock Position Raised by Park Avenue Securities LLC

Park Avenue Securities LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 52.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,680 shares of the specialty chemicals company’s stock after acquiring an additional 2,303 shares during the quarter. Park Avenue Securities LLC’s holdings in Sherwin-Williams were worth $2,271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV raised its holdings in Sherwin-Williams by 13.0% during 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 raised its holdings in shares of 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 acquiring an additional 1,604 shares during the period. Swedbank AB lifted its position in shares of Sherwin-Williams by 4.2% in the 3rd quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock valued at $44,676,000 after acquiring an additional 4,681 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Sherwin-Williams in the 3rd quarter worth approximately $6,424,000. Finally, Handelsbanken Fonder AB grew its position in Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock worth $37,449,000 after purchasing an additional 4,074 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $353.97 on Friday. The stock has a market capitalization of $89.15 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.39 and a beta of 1.22. The business has a 50-day moving average of $364.55 and a two-hundred day moving average of $358.99. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Evercore ISI increased their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Wells Fargo & Company upped their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $402.25.

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.