Daymark Wealth Partners LLC Sells 494 Shares of The Sherwin-Williams Company (NYSE:SHW)

Daymark Wealth Partners LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,090 shares of the specialty chemicals company’s stock after selling 494 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Sherwin-Williams were worth $8,529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. FMR LLC grew its stake in shares of 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 purchasing an additional 999,164 shares during the period. Geode Capital Management LLC increased its stake in shares of Sherwin-Williams by 1.3% in the 3rd 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 acquiring an additional 58,463 shares during the last quarter. Legal & General Group Plc raised its position in shares of Sherwin-Williams by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after acquiring an additional 53,487 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Sherwin-Williams by 18.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock worth $454,917,000 after acquiring an additional 238,031 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Sherwin-Williams by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock valued at $542,387,000 after purchasing an additional 15,843 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 directly owns 6,329 shares of the company’s stock, valued at approximately $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 currently owned by company insiders.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $361.33 on Wednesday. The stock has a market capitalization of $91.00 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The stock has a 50 day moving average price of $362.74 and a 200 day moving average price of $361.16. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. BMO Capital Markets boosted their target price on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $402.25.

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.