The Sherwin-Williams Company $SHW Shares Sold by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 45.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,120 shares of the specialty chemicals company’s stock after selling 3,439 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Sherwin-Williams were worth $1,427,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHW. MTM Investment Management LLC acquired a new position in Sherwin-Williams in the second quarter valued at approximately $26,000. Valley National Advisers Inc. boosted its position in Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares during the period. Vermillion & White Wealth Management Group LLC grew its stake in Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in Sherwin-Williams in the second quarter worth $31,000. Finally, Delos Wealth Advisors LLC bought a new stake in Sherwin-Williams in the second quarter valued at $36,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHW. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a report 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 report on Thursday, December 18th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $386.33.

Sherwin-Williams Trading Up 0.8%

Shares of SHW stock opened at $359.06 on Wednesday. The stock has a 50-day simple moving average of $338.85 and a 200 day simple moving average of $344.14. The stock has a market capitalization of $89.01 billion, a P/E ratio of 34.96, a P/E/G ratio of 3.10 and a beta of 1.25. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the company earned $2.09 EPS. Sherwin-Williams’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts expect 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.