Atlantic Union Bankshares Corp Buys 9,473 Shares of The Sherwin-Williams Company $SHW

Atlantic Union Bankshares Corp grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 198.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,258 shares of the specialty chemicals company’s stock after acquiring an additional 9,473 shares during the period. Atlantic Union Bankshares Corp’s holdings in Sherwin-Williams were worth $4,937,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after buying an additional 246,008 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Sherwin-Williams by 1.8% in the second quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock valued at $1,746,222,000 after acquiring an additional 90,482 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Sherwin-Williams by 9.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after acquiring an additional 351,453 shares during the period. Norges Bank bought a new stake in Sherwin-Williams in the 2nd quarter valued at about $1,296,565,000. Finally, JPMorgan Chase & Co. grew its position in shares of Sherwin-Williams by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after purchasing an additional 553,275 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a research note on Friday. Finally, Mizuho reduced their price objective on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $386.33.

Sherwin-Williams Stock Up 0.7%

Sherwin-Williams stock opened at $357.06 on Tuesday. The firm has a market capitalization of $88.51 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 5.34 and a beta of 1.25. The firm’s fifty day moving average price is $338.52 and its two-hundred day moving average price is $344.01. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.09 EPS. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.