Stiles Financial Services Inc Has $1.90 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Stiles Financial Services Inc lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,574 shares of the specialty chemicals company’s stock after purchasing an additional 122 shares during the period. Stiles Financial Services Inc’s holdings in Sherwin-Williams were worth $1,897,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. FMR LLC grew 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 worth $2,474,238,000 after buying an additional 999,164 shares in the last quarter. Geode Capital Management LLC boosted its position in Sherwin-Williams by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after buying an additional 58,463 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Sherwin-Williams by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after acquiring an additional 15,843 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Sherwin-Williams by 5.8% in the third quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company’s stock valued at $542,711,000 after buying an additional 78,075 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Sherwin-Williams by 1.0% in the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after acquiring an additional 10,709 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SHW. Wells Fargo & Company upped their price target 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. Mizuho dropped their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Robert W. Baird increased their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Sherwin-Williams Stock Performance

NYSE SHW opened at $360.74 on Monday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a 50-day moving average price of $356.13 and a two-hundred day moving average price of $364.75. The company has a market capitalization of $90.85 billion, a P/E ratio of 34.19, a P/E/G ratio of 3.15 and a beta of 1.22. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned $1.81 earnings per share. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

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.