Raymond James Trust N.A. lifted its position in Sherwin-Williams Co (NYSE:SHW) by 43.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,710 shares of the specialty chemicals company’s stock after buying an additional 514 shares during the period. Raymond James Trust N.A.’s holdings in Sherwin-Williams were worth $701,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Dimensional Fund Advisors LP increased its position in shares of Sherwin-Williams by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 193,221 shares of the specialty chemicals company’s stock valued at $67,816,000 after buying an additional 7,363 shares in the last quarter. Prudential PLC bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $222,000. Macquarie Group Ltd. increased its position in shares of Sherwin-Williams by 1.1% in the 2nd quarter. Macquarie Group Ltd. now owns 22,502 shares of the specialty chemicals company’s stock valued at $7,898,000 after buying an additional 235 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Sherwin-Williams by 728.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,888 shares of the specialty chemicals company’s stock valued at $1,715,000 after buying an additional 4,298 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Sherwin-Williams by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 108,957 shares of the specialty chemicals company’s stock valued at $38,239,000 after buying an additional 9,293 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.
SHW has been the subject of a number of recent analyst reports. KeyCorp restated an “overweight” rating and issued a $465.00 price objective (up previously from $440.00) on shares of Sherwin-Williams in a research report on Thursday, January 11th. Robert W. Baird restated a “buy” rating and issued a $425.00 price objective on shares of Sherwin-Williams in a research report on Friday, November 10th. Seaport Global Securities upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price objective for the company in a research report on Wednesday, December 27th. Finally, Zelman & Associates upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $433.74.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. Sherwin-Williams’s revenue for the quarter was up 43.0% on a year-over-year basis. During the same quarter last year, the company posted $2.15 EPS. equities analysts forecast that Sherwin-Williams Co will post 19.1 earnings per share for the current year.
In other news, insider Robert J. Davisson sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $407.11, for a total value of $407,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the transaction, the senior vice president now owns 18,363 shares of the company’s stock, valued at approximately $7,512,486.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,122 shares of company stock valued at $5,969,846. Corporate insiders own 1.69% of the company’s stock.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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