Flossbach Von Storch SE Cuts Stake in The Sherwin-Williams Company $SHW

Flossbach Von Storch SE cut its position in The Sherwin-Williams Company (NYSE:SHW) by 53.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 409,454 shares of the specialty chemicals company’s stock after selling 478,906 shares during the period. Flossbach Von Storch SE owned approximately 0.17% of Sherwin-Williams worth $141,778,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares in the last quarter. Empowered Funds LLC lifted its stake in Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after acquiring an additional 626 shares during the period. Venture Visionary Partners LLC lifted its stake in Sherwin-Williams by 45.8% during the 2nd quarter. Venture Visionary Partners LLC now owns 1,522 shares of the specialty chemicals company’s stock valued at $523,000 after acquiring an additional 478 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Sherwin-Williams by 79.2% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,114 shares of the specialty chemicals company’s stock valued at $726,000 after acquiring an additional 934 shares during the last quarter. Finally, Chicago Capital LLC bought a new stake in shares of Sherwin-Williams in the second quarter worth approximately $664,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of a number of research analyst reports. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Bank of America decreased their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $385.94.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $349.52 on Thursday. The stock has a market cap of $86.64 billion, a P/E ratio of 34.10, a P/E/G ratio of 5.01 and a beta of 1.26. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. The stock’s fifty day moving average is $337.25 and its 200 day moving average is $343.68. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the previous year, the company posted $3.37 earnings per share. Sherwin-Williams’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

About Sherwin-Williams

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.