Candriam S.C.A. Has $6.36 Million Stock Position in The Sherwin-Williams Company $SHW

Candriam S.C.A. lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 67.0% during the third quarter, Holdings Channel.com reports. The firm owned 18,368 shares of the specialty chemicals company’s stock after selling 37,327 shares during the period. Candriam S.C.A.’s holdings in Sherwin-Williams were worth $6,360,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SHW. Brighton Jones LLC grew its stake in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the period. Empowered Funds LLC raised its position in shares of 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 purchasing an additional 626 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Sherwin-Williams by 4.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 4,815 shares of the specialty chemicals company’s stock worth $1,653,000 after purchasing an additional 188 shares in the last quarter. CWM LLC grew its position in Sherwin-Williams by 23.9% in the 2nd quarter. CWM LLC now owns 10,063 shares of the specialty chemicals company’s stock valued at $3,455,000 after purchasing an additional 1,940 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Sherwin-Williams by 28.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 144,292 shares of the specialty chemicals company’s stock valued at $51,267,000 after purchasing an additional 32,095 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SHW shares. Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target for the company. in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada set a $390.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Friday, January 30th. Eleven 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $386.33.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams 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 sale, the insider directly owned 5,365 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Up 1.1%

Sherwin-Williams stock opened at $364.51 on Wednesday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two 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 $340.98 and its 200 day simple moving average is $344.91. The stock has a market cap of $90.36 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 3.12 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the business posted $2.09 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

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.