Asset Advisors Corp increased its stake in Sherwin-Williams Co (NYSE:SHW) by 24.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,850 shares of the specialty chemicals company’s stock after purchasing an additional 1,720 shares during the quarter. Asset Advisors Corp’s holdings in Sherwin-Williams were worth $3,629,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in Sherwin-Williams in the second quarter worth approximately $100,000. Spectrum Management Group Inc. purchased a new stake in Sherwin-Williams in the third quarter worth approximately $162,000. New England Research & Management Inc. purchased a new stake in Sherwin-Williams in the fourth quarter worth approximately $205,000. Salem Investment Counselors Inc. purchased a new position in shares of Sherwin-Williams during the 2nd quarter worth $176,000. Finally, Montag A & Associates Inc. purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth $202,000. Institutional investors own 75.85% of the company’s stock.
Shares of Sherwin-Williams Co (NYSE SHW) traded up $0.04 during mid-day trading on Monday, hitting $430.80. 653,100 shares of the stock traded hands, compared to its average volume of 566,669. The company has a market cap of $40,290.00, a P/E ratio of 36.51, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22. Sherwin-Williams Co has a 12-month low of $280.14 and a 12-month high of $435.15. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.70 by $0.05. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The company’s revenue was up 37.4% on a year-over-year basis. During the same period last year, the firm earned $4.23 EPS. equities analysts expect that Sherwin-Williams Co will post 15.02 earnings per share for the current year.
Several research analysts have recently weighed in on SHW shares. Robert W. Baird reiterated a “buy” rating and set a $375.00 price target on shares of Sherwin-Williams in a research note on Friday, September 29th. Zelman & Associates upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Longbow Research reiterated a “buy” rating and set a $440.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a research note on Monday, October 9th. Northcoast Research reiterated a “buy” rating and set a $435.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th. Finally, Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $325.00 to $435.00 in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Sherwin-Williams presently has a consensus rating of “Buy” and a consensus target price of $417.39.
In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of Sherwin-Williams stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares in the company, valued at approximately $1,285,336.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert J. Davisson sold 1,000 shares of Sherwin-Williams stock in a transaction on Monday, December 4th. The shares were sold at an average price of $407.11, for a total transaction of $407,110.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock worth $5,969,846 over the last 90 days. Insiders own 1.69% of the company’s stock.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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