The Sherwin-Williams Company $SHW Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 36.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,115 shares of the specialty chemicals company’s stock after purchasing an additional 8,031 shares during the quarter. NEOS Investment Management LLC’s holdings in Sherwin-Williams were worth $10,428,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC purchased a new stake in Sherwin-Williams during the second quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares during the period. Delos Wealth Advisors LLC acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at about $36,000. True Wealth Design LLC grew its holdings in shares of Sherwin-Williams by 129.8% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 61 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in Sherwin-Williams during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research note on Friday, January 30th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective on the stock in a research report on Wednesday, January 7th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $387.67.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $367.55 on Wednesday. The firm has a 50-day moving average of $344.75 and a two-hundred day moving average of $346.07. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The stock has a market cap of $91.11 billion, a P/E ratio of 35.79, a PEG ratio of 3.19 and a beta of 1.25. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s 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 earnings per share. On average, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

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.