The Sherwin-Williams Company $SHW Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 26.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,927 shares of the specialty chemicals company’s stock after buying an additional 6,408 shares during the quarter. Wealthfront Advisers LLC’s holdings in Sherwin-Williams were worth $10,709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. increased its holdings in Sherwin-Williams by 13.4% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 88,653 shares of the specialty chemicals company’s stock worth $30,697,000 after buying an additional 10,509 shares during the period. Prospera Financial Services Inc raised its position in Sherwin-Williams by 20.8% during the third quarter. Prospera Financial Services Inc now owns 27,401 shares of the specialty chemicals company’s stock worth $9,488,000 after acquiring an additional 4,715 shares during the period. ProShare Advisors LLC raised its holdings in shares of Sherwin-Williams by 0.7% during the third quarter. ProShare Advisors LLC now owns 634,410 shares of the specialty chemicals company’s stock valued at $219,671,000 after acquiring an additional 4,414 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Sherwin-Williams by 3.7% during the third quarter. Oppenheimer & Co. Inc. now owns 10,282 shares of the specialty chemicals company’s stock worth $3,560,000 after acquiring an additional 370 shares during the last quarter. Finally, Legacy Financial Strategies LLC grew its holdings in Sherwin-Williams by 1.0% in the 3rd quarter. Legacy Financial Strategies LLC now owns 10,979 shares of the specialty chemicals company’s stock valued at $3,801,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on SHW shares. Mizuho decreased their target price on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. Royal Bank Of Canada set a $390.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, UBS Group set a $420.00 price objective on Sherwin-Williams in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $386.33.

Sherwin-Williams Stock Performance

SHW opened at $367.06 on Thursday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The stock has a market cap of $90.99 billion, a P/E ratio of 35.74, a P/E/G ratio of 3.15 and a beta of 1.25. The stock’s 50 day simple moving average is $341.53 and its 200 day simple moving average is $345.07. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 earnings per share. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

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.