Exane Asset Management grew its position in Sherwin-Williams Co (NYSE:SHW) by 87.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,312 shares of the specialty chemicals company’s stock after buying an additional 17,923 shares during the period. Sherwin-Williams makes up 8.8% of Exane Asset Management’s portfolio, making the stock its 4th largest position. Exane Asset Management’s holdings in Sherwin-Williams were worth $15,074,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new position in Sherwin-Williams in the 3rd quarter worth $1,564,000. FMR LLC boosted its stake in Sherwin-Williams by 12.7% in the 3rd quarter. FMR LLC now owns 3,582,597 shares of the specialty chemicals company’s stock worth $1,630,834,000 after purchasing an additional 402,592 shares during the period. Capital World Investors boosted its stake in Sherwin-Williams by 11.5% in the 3rd quarter. Capital World Investors now owns 3,489,339 shares of the specialty chemicals company’s stock worth $1,588,382,000 after purchasing an additional 359,552 shares during the period. Prudential Financial Inc. boosted its stake in Sherwin-Williams by 312.9% in the 3rd quarter. Prudential Financial Inc. now owns 392,740 shares of the specialty chemicals company’s stock worth $178,779,000 after purchasing an additional 297,624 shares during the period. Finally, AustralianSuper Pty Ltd acquired a new position in Sherwin-Williams in the 3rd quarter worth $131,920,000. 76.18% of the stock is owned by institutional investors.

Shares of NYSE:SHW opened at $421.01 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.59 and a debt-to-equity ratio of 2.33. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $479.64. The stock has a market cap of $39.42 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.29.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.02). Sherwin-Williams had a return on equity of 46.48% and a net margin of 6.32%. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm earned $3.16 earnings per share. As a group, equities analysts forecast that Sherwin-Williams Co will post 21.23 EPS for the current fiscal year.

A number of equities analysts recently weighed in on SHW shares. Credit Suisse Group set a $500.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a research note on Monday, October 15th. Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 target price for the company in a research note on Tuesday, October 16th. Longbow Research started coverage on shares of Sherwin-Williams in a research note on Friday, November 30th. They issued a “neutral” rating for the company. Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Friday, January 4th. Finally, BMO Capital Markets set a $444.00 target price on shares of Sherwin-Williams and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $461.10.

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About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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

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