V Square Quantitative Management LLC Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

V Square Quantitative Management LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 16.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,382 shares of the specialty chemicals company’s stock after acquiring an additional 198 shares during the quarter. V Square Quantitative Management LLC’s holdings in Sherwin-Williams were worth $470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Exchange Traded Concepts LLC increased its holdings in Sherwin-Williams by 135.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 238 shares of the specialty chemicals company’s stock worth $91,000 after acquiring an additional 137 shares in the last quarter. Creative Planning increased its holdings in Sherwin-Williams by 11.6% in the 3rd quarter. Creative Planning now owns 45,997 shares of the specialty chemicals company’s stock worth $17,556,000 after acquiring an additional 4,770 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Sherwin-Williams in the 3rd quarter worth $696,000. Bleakley Financial Group LLC increased its holdings in Sherwin-Williams by 0.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 11,215 shares of the specialty chemicals company’s stock worth $4,281,000 after acquiring an additional 96 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Sherwin-Williams by 2.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,209 shares of the specialty chemicals company’s stock worth $11,912,000 after acquiring an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.2 %

NYSE SHW opened at $356.93 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a market capitalization of $89.89 billion, a P/E ratio of 33.83, a PEG ratio of 3.15 and a beta of 1.22. The firm’s 50-day moving average is $352.96 and its two-hundred day moving average is $365.12. 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 issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the firm earned $1.81 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the business’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 sale, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the topic of several recent research reports. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Barclays lifted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird lifted their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

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.