The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Choreo LLC

Choreo LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 38.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,899 shares of the specialty chemicals company’s stock after purchasing an additional 3,307 shares during the period. Choreo LLC’s holdings in Sherwin-Williams were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC grew its stake in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services purchased a new stake in Sherwin-Williams during the 3rd quarter worth about $29,000. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth about $32,000. GHP Investment Advisors Inc. increased its holdings in shares of Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $38,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHW has been the subject of a number of research analyst reports. Mizuho lowered their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $364.41 on Thursday. The stock has a fifty day moving average price of $358.05 and a 200 day moving average price of $364.34. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. 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 company has a market cap of $91.78 billion, a PE ratio of 34.54, a P/E/G ratio of 2.86 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $1.81 earnings per share. Sell-side analysts forecast that The Sherwin-Williams Company will post 12.12 EPS for the current year.

Insider Buying and Selling at Sherwin-Williams

In related news, 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 transaction of $6,275,198.40. Following the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the 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 completion of the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

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.