Global X Japan Co. Ltd. Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Global X Japan Co. Ltd. increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,439 shares of the specialty chemicals company’s stock after acquiring an additional 168 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Sherwin-Williams were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the stock. Valued Wealth Advisors LLC grew its stake in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares during the period. First Personal Financial Services purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth $29,000. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $32,000. GHP Investment Advisors Inc. increased its stake in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Sherwin-Williams in the 3rd quarter worth $38,000. 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 company’s stock in a transaction dated 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 owns 29,205 shares in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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 position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SHW. Barclays upped their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $400.00.

Sherwin-Williams Trading Up 0.1 %

Shares of SHW stock opened at $364.95 on Friday. The company has a 50-day moving average of $357.45 and a two-hundred day moving average of $364.34. The firm has a market cap of $91.91 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.86 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. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 quarter in the previous year, the business earned $1.81 EPS. On average, analysts predict that The Sherwin-Williams Company will post 12.12 EPS for the current year.

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.