Simon Quick Advisors LLC Acquires 32 Shares of The Sherwin-Williams Company (NYSE:SHW)

Simon Quick Advisors LLC increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,338 shares of the specialty chemicals company’s stock after purchasing an additional 32 shares during the period. Simon Quick Advisors LLC’s holdings in Sherwin-Williams were worth $455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. Beaumont Financial Advisors LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $326,000. Howard Capital Management Group LLC bought a new stake in Sherwin-Williams in the fourth quarter valued at $170,000. Atomi Financial Group Inc. raised its stake in Sherwin-Williams by 8.9% during the fourth quarter. Atomi Financial Group Inc. now owns 5,267 shares of the specialty chemicals company’s stock worth $1,790,000 after acquiring an additional 431 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in shares of Sherwin-Williams by 20.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 1,536 shares of the specialty chemicals company’s stock valued at $522,000 after acquiring an additional 259 shares during the period. Finally, Segment Wealth Management LLC boosted its stake in shares of Sherwin-Williams by 0.5% in the 4th quarter. Segment Wealth Management LLC now owns 44,453 shares of the specialty chemicals company’s stock valued at $15,111,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHW. 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 report on Friday, October 18th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Robert W. Baird increased their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $402.25.

Insiders Place Their Bets

In related 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 value of $6,275,198.40. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s 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 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. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.1 %

NYSE SHW opened at $357.44 on Thursday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The stock has a 50-day simple moving average of $362.74 and a 200 day simple moving average of $361.16. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $90.02 billion, a PE ratio of 35.60, a P/E/G ratio of 2.72 and a beta of 1.22.

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

Sherwin-Williams Company 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.