The Sherwin-Williams Company $SHW Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 436,590 shares of the specialty chemicals company’s stock after purchasing an additional 2,774 shares during the period. Rhumbline Advisers owned approximately 0.18% of Sherwin-Williams worth $151,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cordatus Wealth Management LLC raised its position in shares of Sherwin-Williams by 149.4% in the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after acquiring an additional 5,744 shares during the period. Nordea Investment Management AB increased its stake in shares of Sherwin-Williams by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after purchasing an additional 17,422 shares in the last quarter. Inscription Capital LLC acquired a new position in Sherwin-Williams in the 3rd quarter worth about $1,069,000. Vanguard Group Inc. boosted its position in Sherwin-Williams by 1.1% during the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after purchasing an additional 246,008 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Sherwin-Williams by 15.0% in the second quarter. Citigroup Inc. now owns 387,966 shares of the specialty chemicals company’s stock valued at $133,212,000 after purchasing an additional 50,582 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Performance

SHW opened at $367.06 on Thursday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The firm has a market capitalization of $90.99 billion, a PE ratio of 35.74, a PEG ratio of 3.15 and a beta of 1.25. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The firm’s 50-day moving average price is $341.53 and its 200 day moving average price is $345.07.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research report on Thursday, January 22nd. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research report on Wednesday, January 7th. Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Finally, Mizuho lowered their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $386.33.

Sherwin-Williams Profile

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.