Sanctuary Advisors LLC Has $15.03 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Sanctuary Advisors LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,103 shares of the specialty chemicals company’s stock after selling 2,192 shares during the period. Sanctuary Advisors LLC’s holdings in Sherwin-Williams were worth $15,025,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Valued Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares during the last quarter. First Personal Financial Services acquired a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams during the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. raised its holdings in Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 28 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $36,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

SHW stock opened at $356.93 on Tuesday. The company has a market capitalization of $89.89 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 3.15 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 business has a 50-day simple moving average of $352.96 and a two-hundred day simple moving average of $365.32. 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 announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company earned $1.81 earnings per share. Research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insider Transactions at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the business’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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SHW. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. 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 report on Tuesday, January 7th. Morgan Stanley dropped their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada decreased their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, Evercore ISI boosted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $400.00.

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.