Independent Wealth Network Inc. Buys 123 Shares of The Sherwin-Williams Company (NYSE:SHW)

Independent Wealth Network Inc. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,675 shares of the specialty chemicals company’s stock after buying an additional 123 shares during the quarter. Independent Wealth Network Inc.’s holdings in Sherwin-Williams were worth $569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Sherwin-Williams in the second quarter worth about $278,000. Gabelli Funds LLC grew its stake in shares of Sherwin-Williams by 1.3% in the second quarter. Gabelli Funds LLC now owns 15,425 shares of the specialty chemicals company’s stock worth $4,603,000 after purchasing an additional 200 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in Sherwin-Williams by 84.9% in the second quarter. Public Sector Pension Investment Board now owns 7,880 shares of the specialty chemicals company’s stock worth $2,352,000 after buying an additional 3,619 shares during the period. Marshall Wace LLP lifted its holdings in Sherwin-Williams by 18.3% in the second quarter. Marshall Wace LLP now owns 321,908 shares of the specialty chemicals company’s stock worth $96,067,000 after buying an additional 49,842 shares during the period. Finally, Semmax Financial Advisors Inc. lifted its holdings in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SHW. Wells Fargo & Company raised their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Citigroup reduced their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. BMO Capital Markets lifted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $402.25.

Sherwin-Williams Stock Down 1.1 %

Shares of NYSE SHW opened at $357.44 on Thursday. The firm’s 50-day moving average price is $362.74 and its 200-day moving average price is $361.16. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $90.02 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 2.79 and a beta of 1.22. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.20 earnings per share. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.