The Sherwin-Williams Company $SHW Holdings Boosted by Eos Management L.P.

Eos Management L.P. raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 19.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,352 shares of the specialty chemicals company’s stock after purchasing an additional 2,050 shares during the quarter. Sherwin-Williams accounts for 1.7% of Eos Management L.P.’s investment portfolio, making the stock its 16th biggest holding. Eos Management L.P.’s holdings in Sherwin-Williams were worth $4,277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. MTM Investment Management LLC purchased a new stake in Sherwin-Williams in the 2nd quarter worth about $26,000. Valley National Advisers Inc. increased its holdings in shares of Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares during the period. Vermillion & White Wealth Management Group LLC lifted its position in shares of Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth approximately $31,000. Finally, Delos Wealth Advisors LLC purchased a new position in Sherwin-Williams during the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on SHW. Mizuho lowered their price target on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research note on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating and set a $415.00 price target (down from $422.00) on shares of Sherwin-Williams in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Finally, Bank of America dropped their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $385.94.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $349.52 on Thursday. The business’s 50-day simple moving average is $337.25 and its 200-day simple moving average is $343.68. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The firm has a market cap of $86.64 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 5.01 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the prior year, the business earned $3.37 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.