State of Tennessee Treasury Department grew its holdings in Sherwin-Williams Co (NYSE:SHW) by 113.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,213 shares of the specialty chemicals company’s stock after purchasing an additional 30,878 shares during the period. State of Tennessee Treasury Department’s holdings in Sherwin-Williams were worth $33,969,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Manchester Financial Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $29,000. Wealthcare Advisory Partners LLC raised its holdings in shares of Sherwin-Williams by 66.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 50 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 20 shares during the last quarter. Heritage Wealth Advisors acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $34,000. Valeo Financial Advisors LLC raised its holdings in shares of Sherwin-Williams by 57.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 82 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 30 shares during the last quarter. Finally, Investors Research Corp raised its holdings in shares of Sherwin-Williams by 49.2% in the third quarter. Investors Research Corp now owns 88 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.
SHW stock traded up $5.46 during midday trading on Friday, reaching $585.22. 15,084 shares of the company were exchanged, compared to its average volume of 571,349. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.02 and a quick ratio of 0.61. The business has a 50-day moving average price of $578.39 and a two-hundred day moving average price of $559.02. Sherwin-Williams Co has a one year low of $410.35 and a one year high of $599.95. The firm has a market capitalization of $52.83 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 2.37 and a beta of 1.29.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $4.27 EPS for the quarter, missing the Zacks’ consensus estimate of $4.40 by ($0.13). Sherwin-Williams had a return on equity of 51.35% and a net margin of 8.61%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period last year, the firm earned $3.54 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that Sherwin-Williams Co will post 23.23 earnings per share for the current fiscal year.
In other Sherwin-Williams news, CEO John G. Morikis sold 14,734 shares of Sherwin-Williams stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $576.92, for a total transaction of $8,500,339.28. Following the completion of the transaction, the chief executive officer now directly owns 111,120 shares of the company’s stock, valued at $64,107,350.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.
A number of research firms have recently issued reports on SHW. Susquehanna Bancshares downgraded shares of Sherwin-Williams from a “positive” rating to a “neutral” rating and set a $620.00 price objective on the stock. in a report on Tuesday, February 4th. Edward Jones downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Credit Suisse Group decreased their target price on shares of Sherwin-Williams from $620.00 to $615.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Citigroup decreased their target price on shares of Sherwin-Williams from $657.00 to $650.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Loop Capital began coverage on shares of Sherwin-Williams in a research note on Thursday, January 23rd. They issued a “buy” rating and a $680.00 target price for the company. Fifteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $584.52.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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