Cibc World Market Inc. Has $36.34 Million Stock Position in The Sherwin-Williams Company $SHW

Cibc World Market Inc. increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,959 shares of the specialty chemicals company’s stock after acquiring an additional 11,107 shares during the period. Cibc World Market Inc.’s holdings in Sherwin-Williams were worth $36,343,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. MTM Investment Management LLC bought a new stake in Sherwin-Williams during the 2nd quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 44 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Sherwin-Williams during the second quarter worth $31,000. Delos Wealth Advisors LLC purchased a new stake in Sherwin-Williams in the 2nd quarter valued at $36,000. Finally, True Wealth Design LLC lifted its stake in Sherwin-Williams by 129.8% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $367.06 on Thursday. The firm has a market cap of $90.99 billion, a PE ratio of 35.74, a PEG ratio of 3.15 and a beta of 1.25. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The stock’s fifty day moving average price is $341.53 and its two-hundred day moving average price is $345.07.

Sherwin-Williams (NYSE:SHW) last posted its 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. The firm 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 company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $2.09 earnings per share. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on SHW shares. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a research note on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Zacks Research lowered shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a research report on Friday, January 30th. Finally, Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.33.

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 stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by 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.