Mount Yale Investment Advisors LLC Sells 5,011 Shares of The Sherwin-Williams Company (NYSE:SHW)

Mount Yale Investment Advisors LLC cut its position in The Sherwin-Williams Company (NYSE:SHW) by 47.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,605 shares of the specialty chemicals company’s stock after selling 5,011 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Sherwin-Williams were worth $1,905,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Public Sector Pension Investment Board lifted its holdings in Sherwin-Williams by 84.9% in the second quarter. Public Sector Pension Investment Board now owns 7,880 shares of the specialty chemicals company’s stock valued at $2,352,000 after buying an additional 3,619 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $998,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Sherwin-Williams in the second quarter worth approximately $287,000. Kathmere Capital Management LLC lifted its stake in Sherwin-Williams by 133.4% during the 2nd quarter. Kathmere Capital Management LLC now owns 2,054 shares of the specialty chemicals company’s stock valued at $613,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Copperwynd Financial LLC lifted its position in shares of Sherwin-Williams by 7.6% during the second quarter. Copperwynd Financial LLC now owns 722 shares of the specialty chemicals company’s stock valued at $215,000 after purchasing an additional 51 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.3 %

NYSE SHW opened at $360.06 on Monday. The stock’s 50-day simple moving average is $361.22 and its two-hundred day simple moving average is $362.38. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $90.68 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.78 and a beta of 1.22.

Insider Activity at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the firm’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 of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were 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 directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SHW has been the topic of a number of recent analyst reports. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the stock from $321.00 to $420.00 in a research note on Friday. Evercore ISI lifted their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley increased their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Finally, BMO Capital Markets lifted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $403.29.

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.