Hennion & Walsh Asset Management Inc. Invests $856,000 in The Sherwin-Williams Company (NYSE:SHW)

Hennion & Walsh Asset Management Inc. acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,517 shares of the specialty chemicals company’s stock, valued at approximately $856,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Enhancement Group LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $6,427,000. Burney Co. raised its position 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 acquiring an additional 766 shares in the last quarter. Apella Capital LLC lifted its stake in Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after acquiring an additional 30 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Sherwin-Williams by 88.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the specialty chemicals company’s stock worth $2,045,000 after acquiring an additional 2,832 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Sherwin-Williams by 52.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after purchasing an additional 2,303 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction 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 completion of the transaction, the senior vice president now owns 6,329 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the 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 sale, 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. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

NYSE:SHW opened at $353.97 on Monday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The company has a 50-day moving average of $363.89 and a 200-day moving average of $359.85. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a market capitalization of $89.15 billion, a price-to-earnings ratio of 35.26, a PEG 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 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.20 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SHW shares. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Robert W. Baird boosted their target price on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Citigroup lowered their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $402.25.

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.