L. Roy Papp & Associates LLP Has $2.54 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

L. Roy Papp & Associates LLP cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,460 shares of the specialty chemicals company’s stock after selling 1,250 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Sherwin-Williams were worth $2,536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC lifted its position in Sherwin-Williams by 18.2% in 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 in the last quarter. International Assets Investment Management LLC increased its stake in shares of Sherwin-Williams by 40,317.4% in the third quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock worth $277,361,000 after acquiring an additional 724,907 shares during the last quarter. Mizuho Securities USA LLC increased its stake in shares of Sherwin-Williams by 1,717.9% in the third quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after acquiring an additional 308,921 shares during the last quarter. Canoe Financial LP raised its holdings 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 acquiring an additional 286,791 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Sherwin-Williams by 47.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock valued at $293,889,000 after purchasing an additional 278,242 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $361.32 on Wednesday. The stock has a 50-day simple moving average of $355.41 and a 200 day simple moving average of $365.10. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The stock has a market capitalization of $91.00 billion, a PE ratio of 34.25, a P/E/G ratio of 3.15 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 quarter last year, the firm earned $1.81 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SHW shares. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Robert W. Baird increased their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Insider Activity at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’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 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 represents 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 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.