Tamar Securities LLC Grows Stake in The Sherwin-Williams Company (NYSE:SHW)

Tamar Securities LLC increased its position in The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,426 shares of the specialty chemicals company’s stock after acquiring an additional 673 shares during the quarter. Sherwin-Williams comprises 2.3% of Tamar Securities LLC’s investment portfolio, making the stock its 19th largest holding. Tamar Securities LLC’s holdings in Sherwin-Williams were worth $16,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC increased 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 valued at $26,000 after buying an additional 32 shares during the period. First Personal Financial Services bought a new stake in Sherwin-Williams during the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams in the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. boosted its holdings in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at $38,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $364.28 on Tuesday. 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’s fifty day moving average price is $361.22 and its 200 day moving average price is $362.38. The stock has a market capitalization of $91.74 billion, a P/E ratio of 36.28, a P/E/G ratio of 2.78 and a beta of 1.22. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Citigroup dropped their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Morgan Stanley cut 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 report on Tuesday. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Finally, UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $400.65.

Insider Activity at Sherwin-Williams

In other news, 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 transaction of $6,275,198.40. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams 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.