The Sherwin-Williams Company (NYSE:SHW) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 512,744 shares of the specialty chemicals company’s stock after selling 3,140 shares during the period. Sherwin-Williams accounts for approximately 1.0% of DAVENPORT & Co LLC’s investment portfolio, making the stock its 17th largest holding. DAVENPORT & Co LLC owned 0.20% of Sherwin-Williams worth $174,095,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SHW. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Sherwin-Williams by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,048 shares of the specialty chemicals company’s stock worth $3,416,000 after acquiring an additional 273 shares during the period. Independence Bank of Kentucky grew its position in Sherwin-Williams by 6.0% in the 4th quarter. Independence Bank of Kentucky now owns 2,811 shares of the specialty chemicals company’s stock worth $956,000 after purchasing an additional 158 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Sherwin-Williams by 1.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,874 shares of the specialty chemicals company’s stock valued at $633,000 after purchasing an additional 33 shares during the period. Custom Index Systems LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $261,000. Finally, Austin Private Wealth LLC boosted its position in shares of Sherwin-Williams by 23.6% during the fourth quarter. Austin Private Wealth LLC now owns 665 shares of the specialty chemicals company’s stock worth $226,000 after buying an additional 127 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Mary L. Garceau sold 15,770 shares of the company’s 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 transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s 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 sale, 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 disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $358.23 on Friday. 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 Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a market cap of $90.22 billion, a PE ratio of 35.68, a PEG ratio of 2.82 and a beta of 1.22. The stock’s 50-day moving average price is $359.64 and its two-hundred day moving average price is $363.34.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. During the same quarter last year, the company earned $1.81 EPS. On average, analysts predict that The Sherwin-Williams Company will post 11.31 EPS for the current year.

Wall Street Analyst Weigh In

SHW has been the topic of several recent analyst reports. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $400.65.

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.