Krilogy Financial LLC Invests $594,000 in The Sherwin-Williams Company $SHW

Krilogy Financial LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,768 shares of the specialty chemicals company’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also bought and sold shares of SHW. Brighton Jones LLC increased its position in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the last quarter. Empowered Funds LLC raised its position in Sherwin-Williams by 11.2% during the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after acquiring an additional 626 shares in the last quarter. CWM LLC lifted its stake in Sherwin-Williams by 23.9% in the second quarter. CWM LLC now owns 10,063 shares of the specialty chemicals company’s stock valued at $3,455,000 after acquiring an additional 1,940 shares during the last quarter. Mutual Advisors LLC grew its position in shares of Sherwin-Williams by 12.4% in the 2nd quarter. Mutual Advisors LLC now owns 873 shares of the specialty chemicals company’s stock valued at $297,000 after acquiring an additional 96 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Sherwin-Williams by 50.1% during the 2nd quarter. Nordea Investment Management AB now owns 108,492 shares of the specialty chemicals company’s stock worth $37,203,000 after purchasing an additional 36,200 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $368.74 on Friday. The stock has a 50 day simple moving average of $342.99 and a 200 day simple moving average of $345.54. The stock has a market cap of $91.41 billion, a P/E ratio of 35.90, a PEG ratio of 3.19 and a beta of 1.25. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on SHW. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Mizuho decreased their target price on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. UBS Group set a $420.00 price target on Sherwin-Williams in a report on Friday, January 30th. Finally, Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $386.33.

Sherwin-Williams Company 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.