NORTHSTAR ASSET MANAGEMENT Co LLC Acquires 39 Shares of The Sherwin-Williams Company (NYSE:SHW)

NORTHSTAR ASSET MANAGEMENT Co LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,879 shares of the specialty chemicals company’s stock after buying an additional 39 shares during the period. Sherwin-Williams makes up approximately 1.0% of NORTHSTAR ASSET MANAGEMENT Co LLC’s investment portfolio, making the stock its 23rd biggest position. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Sherwin-Williams were worth $4,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. Valued Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the period. First Personal Financial Services acquired a new stake in Sherwin-Williams during the third quarter worth about $29,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams in the 3rd quarter valued at about $32,000. GHP Investment Advisors Inc. raised its position 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 valued at $33,000 after buying an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $38,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SHW shares. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Evercore ISI lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird upped their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $360.74 on Monday. The stock has a market cap of $90.85 billion, a price-to-earnings 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. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company’s fifty day moving average is $356.13 and its 200 day moving average is $364.75.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business earned $1.81 earnings per share. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the 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 completion of the sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The stock was 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 directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.