IMS Capital Management Buys 30 Shares of The Sherwin-Williams Company (NYSE:SHW)

IMS Capital Management increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,287 shares of the specialty chemicals company’s stock after acquiring an additional 30 shares during the period. IMS Capital Management’s holdings in Sherwin-Williams were worth $437,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Valued Wealth Advisors LLC grew its holdings in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth $29,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams in the 3rd quarter valued at $32,000. GHP Investment Advisors Inc. raised its holdings in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares during the period. Finally, True Wealth Design LLC lifted its position in Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 90 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction dated Tuesday, November 26th. The shares were 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 directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s 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 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 disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $361.42 on Friday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market cap of $91.02 billion, a P/E ratio of 34.26, a PEG ratio of 3.15 and a beta of 1.22. The company’s 50-day simple moving average is $353.99 and its 200 day simple moving average is $365.12.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the company posted $1.81 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SHW shares. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Robert W. Baird raised their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $400.00.

Sherwin-Williams Company 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.