Slow Capital Inc. Sells 781 Shares of The Sherwin-Williams Company (NYSE:SHW)

Slow Capital Inc. reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,999 shares of the specialty chemicals company’s stock after selling 781 shares during the quarter. Slow Capital Inc.’s holdings in Sherwin-Williams were worth $4,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC boosted its position in Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after buying an additional 999,164 shares during the period. International Assets Investment Management LLC grew its position in Sherwin-Williams by 40,317.4% during the 3rd 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 Sherwin-Williams by 1,717.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after purchasing an additional 308,921 shares during the period. Canoe Financial LP lifted its position in Sherwin-Williams by 542.0% in the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after purchasing an additional 286,791 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Sherwin-Williams by 163.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 241,508 shares of the specialty chemicals company’s stock valued at $92,176,000 after purchasing an additional 149,851 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 1.1 %

SHW opened at $364.28 on Tuesday. The stock has a market capitalization of $91.74 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 2.78 and a beta of 1.22. The firm has a 50 day moving average price of $361.22 and a 200-day moving average price of $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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SHW shares. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Wells Fargo & Company lifted their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Citigroup decreased their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned 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, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $403.29.

Insider Activity

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction 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 approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 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 directly owns 6,329 shares in the company, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 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.