Applied Finance Capital Management LLC Cuts Stock Holdings in The Sherwin-Williams Company $SHW

Applied Finance Capital Management LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 7.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 28,400 shares of the specialty chemicals company’s stock after selling 2,417 shares during the period. Applied Finance Capital Management LLC’s holdings in Sherwin-Williams were worth $9,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Modera Wealth Management LLC increased its holdings in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after acquiring an additional 29 shares during the period. Richard W. Paul & Associates LLC boosted its position in Sherwin-Williams by 1.6% during the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock valued at $647,000 after purchasing an additional 30 shares in the last quarter. 17 Capital Partners LLC grew its stake in Sherwin-Williams by 0.9% in the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after purchasing an additional 31 shares during the last quarter. Alpine Bank Wealth Management raised its holdings in Sherwin-Williams by 4.1% in the third quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after purchasing an additional 31 shares in the last quarter. Finally, Jessup Wealth Management Inc raised its holdings in Sherwin-Williams by 1.4% in the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock worth $804,000 after purchasing an additional 32 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America cut their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Zacks Research lowered shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Royal Bank Of Canada set a $390.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $386.33.

Sherwin-Williams Stock Down 0.3%

SHW stock opened at $360.73 on Tuesday. The company has a market capitalization of $89.42 billion, a P/E ratio of 35.12, a price-to-earnings-growth ratio of 3.13 and a beta of 1.25. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The firm’s fifty day simple moving average is $340.44 and its 200-day simple moving average is $344.74. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53.

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

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams 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 transaction, the insider owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

About Sherwin-Williams

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.