Caprock Group LLC Takes $3.80 Million Position in The Sherwin-Williams Company $SHW

Caprock Group LLC bought a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 10,376 shares of the specialty chemicals company’s stock, valued at approximately $3,804,000.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Sherwin-Williams by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after purchasing an additional 246,008 shares in the last quarter. Geode Capital Management LLC raised its stake in Sherwin-Williams by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after buying an additional 90,482 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Sherwin-Williams by 9.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after acquiring an additional 351,453 shares in the last quarter. Norges Bank acquired a new stake in Sherwin-Williams in the second quarter valued at approximately $1,296,565,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Sherwin-Williams by 22.3% during the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after acquiring an additional 553,275 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SHW shares. 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. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Finally, Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research note on Wednesday, January 7th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $386.33.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $367.06 on Thursday. The business’s fifty day simple moving average is $341.53 and its 200 day simple moving average is $345.07. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The firm has a market capitalization of $90.99 billion, a P/E ratio of 35.74, a price-to-earnings-growth ratio of 3.15 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) 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%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $2.09 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current 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.