AdvisorShares Investments LLC Takes $485,000 Position in The Sherwin-Williams Company $SHW

AdvisorShares Investments LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,400 shares of the specialty chemicals company’s stock, valued at approximately $485,000.

Several other large investors have also recently bought and sold shares of SHW. Brighton Jones LLC raised its stake in Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 655 shares during the period. Empowered Funds LLC increased its holdings in shares of Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after acquiring an additional 626 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Sherwin-Williams by 1.9% in the second quarter. Blue Trust Inc. now owns 1,791 shares of the specialty chemicals company’s stock worth $615,000 after acquiring an additional 33 shares in the last quarter. PDS Planning Inc raised its position in shares of Sherwin-Williams by 7.3% during the second quarter. PDS Planning Inc now owns 2,334 shares of the specialty chemicals company’s stock worth $801,000 after purchasing an additional 159 shares during the period. Finally, Aberdeen Group plc lifted its holdings in shares of Sherwin-Williams by 8.0% during the 2nd quarter. Aberdeen Group plc now owns 227,203 shares of the specialty chemicals company’s stock valued at $78,012,000 after purchasing an additional 16,865 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SHW shares. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $386.33.

Sherwin-Williams Stock Performance

SHW opened at $361.75 on Monday. The business’s 50-day simple moving average is $340.06 and its 200 day simple moving average is $344.60. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The firm has a market capitalization of $89.67 billion, a PE ratio of 35.22, a PEG ratio of 3.13 and a beta of 1.25.

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

Sherwin-Williams Company 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.