ABC Arbitrage SA Makes New Investment in The Sherwin-Williams Company $SHW

ABC Arbitrage SA acquired a new position in The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,857 shares of the specialty chemicals company’s stock, valued at approximately $1,336,000.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SHW. UBS Group set a $420.00 price target on shares of Sherwin-Williams in a research note on Friday, January 30th. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Mizuho reduced their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Finally, Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Eleven 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $386.33.

Insider Activity

In related 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 sale, the insider owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Up 1.1%

SHW opened at $364.51 on Wednesday. The company has a fifty day moving average of $340.98 and a two-hundred day moving average of $344.91. The stock has a market capitalization of $90.36 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 3.12 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 debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHW) last announced its quarterly 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. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.Sherwin-Williams’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 EPS. On average, research analysts expect 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.