State of New Jersey Common Pension Fund D Purchases 2,268 Shares of The Sherwin-Williams Company $SHW

State of New Jersey Common Pension Fund D raised its position in The Sherwin-Williams Company (NYSE:SHW) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,422 shares of the specialty chemicals company’s stock after acquiring an additional 2,268 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sherwin-Williams were worth $28,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. MTM Investment Management LLC bought a new position in Sherwin-Williams during the second quarter worth about $26,000. 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 valued at $30,000 after buying an additional 44 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $31,000. Delos Wealth Advisors LLC acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $36,000. Finally, True Wealth Design LLC raised its stake in Sherwin-Williams by 129.8% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 61 shares during the period. 77.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SHW. Zacks Research cut shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. UBS Group set a $420.00 price target on shares of Sherwin-Williams in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research report on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $386.33.

Sherwin-Williams Price Performance

NYSE:SHW opened at $368.74 on Monday. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The firm’s 50-day simple moving average is $342.99 and its 200 day simple moving average is $345.63. The firm has a market cap of $91.41 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 3.19 and a beta of 1.25.

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. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

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.