Beaumont Financial Advisors LLC Makes New $326,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

Beaumont Financial Advisors LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 958 shares of the specialty chemicals company’s stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Howard Capital Management Group LLC purchased a new stake in Sherwin-Williams during the fourth quarter valued at about $170,000. Atomi Financial Group Inc. lifted its stake in shares of Sherwin-Williams by 8.9% in the 4th quarter. Atomi Financial Group Inc. now owns 5,267 shares of the specialty chemicals company’s stock valued at $1,790,000 after purchasing an additional 431 shares in the last quarter. Alpha Cubed Investments LLC grew its holdings in shares of Sherwin-Williams by 20.3% during the 4th quarter. Alpha Cubed Investments LLC now owns 1,536 shares of the specialty chemicals company’s stock worth $522,000 after purchasing an additional 259 shares during the period. Segment Wealth Management LLC increased its position in Sherwin-Williams by 0.5% during the 4th quarter. Segment Wealth Management LLC now owns 44,453 shares of the specialty chemicals company’s stock worth $15,111,000 after purchasing an additional 215 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its holdings in Sherwin-Williams by 3.7% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 7,380 shares of the specialty chemicals company’s stock valued at $2,509,000 after buying an additional 266 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

SHW opened at $357.44 on Thursday. 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 Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a 50-day moving average of $362.74 and a 200-day moving average of $361.16. The company has a market capitalization of $90.02 billion, a P/E ratio of 35.60, a PEG ratio of 2.72 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.20 earnings per share. Equities analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Insider Activity

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SHW shares. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Morgan Stanley boosted their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, BMO Capital Markets boosted their price target on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $402.25.

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.