Optimum Investment Advisors lessened its position in shares of Sherwin-Williams Co (NYSE:SHW) by 4.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,180 shares of the specialty chemicals company’s stock after selling 49 shares during the period. Optimum Investment Advisors’ holdings in Sherwin-Williams were worth $464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CMH Wealth Management LLC acquired a new position in Sherwin-Williams during the 4th quarter valued at approximately $35,000. Essex Savings Bank acquired a new position in Sherwin-Williams during the 4th quarter valued at approximately $40,000. Contravisory Investment Management Inc. acquired a new position in Sherwin-Williams during the 4th quarter valued at approximately $44,000. Csenge Advisory Group acquired a new position in Sherwin-Williams during the 3rd quarter valued at approximately $66,000. Finally, Taylor Hoffman Wealth Management increased its stake in Sherwin-Williams by 28.5% during the 4th quarter. Taylor Hoffman Wealth Management now owns 257 shares of the specialty chemicals company’s stock valued at $101,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

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. The firm has a market cap of $39.42 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.62 and a beta of 1.29. Sherwin-Williams Co has a 52-week low of $355.28 and a 52-week high of $479.64.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.02). The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Sherwin-Williams had a return on equity of 46.48% and a net margin of 6.32%. During the same period in the prior year, the business posted $3.16 earnings per share. On average, research analysts anticipate that Sherwin-Williams Co will post 21.23 earnings per share for the current fiscal year.

SHW has been the topic of a number of research reports. Credit Suisse Group set a $500.00 price objective on shares of Sherwin-Williams and gave the stock a “buy” rating in a research note on Monday, October 15th. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 price objective on the stock in a research note on Tuesday, October 16th. Edward Jones upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Barclays cut their price objective on shares of Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Friday, October 26th. Finally, Buckingham Research cut their price objective on shares of Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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