The Sherwin-Williams Company $SHW Shares Acquired by Savant Capital LLC

Savant Capital LLC grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 64.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,766 shares of the specialty chemicals company’s stock after acquiring an additional 2,252 shares during the quarter. Savant Capital LLC’s holdings in Sherwin-Williams were worth $1,997,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. Norges Bank purchased a new stake in Sherwin-Williams in the second quarter valued at $1,296,565,000. Viking Global Investors LP increased its position in shares of Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after purchasing an additional 985,520 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Sherwin-Williams by 4,029.8% in the 2nd quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock valued at $213,410,000 after purchasing an additional 606,482 shares during the last quarter. Amundi boosted its position in shares of Sherwin-Williams by 55.8% in the 2nd quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock valued at $587,047,000 after purchasing an additional 596,657 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in 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 buying an additional 553,275 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SHW. Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Mizuho lowered their price objective on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Finally, Royal Bank Of Canada set a $390.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $386.33.

Sherwin-Williams Stock Performance

Shares of SHW opened at $361.75 on Monday. The stock has a market capitalization of $89.67 billion, a P/E ratio of 35.22, a P/E/G ratio of 3.13 and a beta of 1.25. 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 Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65. The company’s fifty day moving average is $340.06 and its two-hundred day moving average is $344.60.

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