Sheets Smith Wealth Management bought a new stake in shares of Sherwin-Williams Co (NYSE:SHW) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,200 shares of the specialty chemicals company’s stock, valued at approximately $902,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. BT Investment Management Ltd purchased a new position in Sherwin-Williams during the 2nd quarter valued at $641,000. Franklin Resources Inc. boosted its holdings in Sherwin-Williams by 25.0% during the 2nd quarter. Franklin Resources Inc. now owns 15,880 shares of the specialty chemicals company’s stock valued at $5,574,000 after acquiring an additional 3,179 shares during the period. Aberdeen Asset Management PLC UK boosted its holdings in Sherwin-Williams by 2.0% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 17,351 shares of the specialty chemicals company’s stock valued at $6,089,000 after acquiring an additional 340 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its holdings in Sherwin-Williams by 1.1% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 4,952 shares of the specialty chemicals company’s stock valued at $1,738,000 after acquiring an additional 54 shares during the period. Finally, Stephens Inc. AR boosted its holdings in Sherwin-Williams by 4.5% during the 2nd quarter. Stephens Inc. AR now owns 2,991 shares of the specialty chemicals company’s stock valued at $1,050,000 after acquiring an additional 129 shares during the period. 75.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sherwin-Williams Co (NYSE:SHW) opened at $432.84 on Friday. Sherwin-Williams Co has a 1-year low of $280.14 and a 1-year high of $433.90. The firm has a market capitalization of $39,777.08, a price-to-earnings ratio of 30.65, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the business earned $4.23 EPS. The business’s revenue for the quarter was up 37.4% compared to the same quarter last year. sell-side analysts predict that Sherwin-Williams Co will post 15.02 earnings per share for the current fiscal year.

A number of research firms recently issued reports on SHW. Robert W. Baird restated a “buy” rating and set a $475.00 price objective on shares of Sherwin-Williams in a report on Wednesday. KeyCorp restated an “overweight” rating and set a $465.00 price objective (up previously from $440.00) on shares of Sherwin-Williams in a report on Thursday. Credit Suisse Group restated an “outperform” rating and set a $410.00 price objective (up previously from $375.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Citigroup boosted their price objective on Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Sherwin-Williams has an average rating of “Buy” and a consensus price target of $417.39.

In related news, insider Robert J. Davisson sold 1,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $407.11, for a total transaction of $407,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The disclosure for this sale can be found here. Insiders sold a total of 15,122 shares of company stock valued at $5,969,846 over the last quarter. Company insiders own 1.69% of the company’s stock.

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Sherwin-Williams 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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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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