Norris Perne & French LLP MI Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Norris Perne & French LLP MI boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 68,105 shares of the specialty chemicals company’s stock after buying an additional 100 shares during the period. Sherwin-Williams makes up approximately 1.7% of Norris Perne & French LLP MI’s holdings, making the stock its 24th largest holding. Norris Perne & French LLP MI’s holdings in Sherwin-Williams were worth $23,151,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. EP Wealth Advisors LLC lifted its stake in Sherwin-Williams by 4.5% in the second quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company’s stock worth $1,163,000 after purchasing an additional 166 shares during the last quarter. Truist Financial Corp increased its holdings in Sherwin-Williams by 0.9% during the 2nd quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company’s stock worth $15,579,000 after purchasing an additional 446 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Sherwin-Williams by 1.3% in the 2nd quarter. Cetera Investment Advisers now owns 57,433 shares of the specialty chemicals company’s stock worth $17,140,000 after buying an additional 742 shares during the period. Coronation Fund Managers Ltd. grew its position in shares of Sherwin-Williams by 17.7% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 6,936 shares of the specialty chemicals company’s stock worth $2,070,000 after buying an additional 1,044 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Sherwin-Williams during the second quarter valued at $11,335,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $365.83 on Friday. The business has a 50 day simple moving average of $360.59 and a two-hundred day simple moving average of $363.04. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The stock has a market capitalization of $92.13 billion, a P/E ratio of 36.44, a PEG ratio of 2.82 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. During the same period in the prior year, the company earned $1.81 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 11.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHW. Citigroup dropped their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Evercore ISI upped their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, Wells Fargo & Company lifted their target price on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $400.65.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the business’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 value 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. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

About Sherwin-Williams

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.