Calamos Wealth Management LLC Increases Position in The Sherwin-Williams Company (NYSE:SHW)

Calamos Wealth Management LLC boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,098 shares of the specialty chemicals company’s stock after buying an additional 3,867 shares during the period. Sherwin-Williams accounts for 0.7% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. Calamos Wealth Management LLC’s holdings in Sherwin-Williams were worth $14,650,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. Czech National Bank boosted its holdings in Sherwin-Williams by 6.4% in the third quarter. Czech National Bank now owns 47,276 shares of the specialty chemicals company’s stock valued at $18,044,000 after purchasing an additional 2,825 shares in the last quarter. GAMMA Investing LLC grew its position in Sherwin-Williams by 20.1% during the third quarter. GAMMA Investing LLC now owns 3,327 shares of the specialty chemicals company’s stock worth $1,270,000 after buying an additional 557 shares during the period. Davis Investment Partners LLC acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth $227,000. Diversified Trust Co grew its holdings in Sherwin-Williams by 0.8% during the 3rd quarter. Diversified Trust Co now owns 5,050 shares of the specialty chemicals company’s stock valued at $1,927,000 after buying an additional 41 shares during the last quarter. Finally, Everpar Advisors LLC raised its holdings in Sherwin-Williams by 2.6% in the 3rd quarter. Everpar Advisors LLC now owns 4,701 shares of the specialty chemicals company’s stock valued at $1,794,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares in the company, valued at approximately $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. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday. Mizuho dropped their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley lowered their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $357.90 on Tuesday. The company has a market capitalization of $90.14 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The business’s 50-day moving average price is $359.64 and its two-hundred day moving average price is $363.86. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business earned $1.81 earnings per share. Analysts anticipate that The Sherwin-Williams Company will post 12.12 earnings per share for the current fiscal year.

Sherwin-Williams Profile

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.