Ameritas Advisory Services LLC Purchases 13,000 Shares of The Sherwin-Williams Company $SHW

Ameritas Advisory Services LLC raised its position in The Sherwin-Williams Company (NYSE:SHW) by 1,715.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,758 shares of the specialty chemicals company’s stock after acquiring an additional 13,000 shares during the period. Ameritas Advisory Services LLC’s holdings in Sherwin-Williams were worth $4,764,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Modera Wealth Management LLC lifted its position in shares of Sherwin-Williams by 2.4% in the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock worth $435,000 after purchasing an additional 29 shares in the last quarter. Richard W. Paul & Associates LLC increased its stake in Sherwin-Williams by 1.6% in the 2nd 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 lifted its position in Sherwin-Williams by 0.9% during the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock worth $1,147,000 after buying an additional 31 shares in the last quarter. Alpine Bank Wealth Management boosted its stake in shares of Sherwin-Williams by 4.1% during the 3rd quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock worth $270,000 after buying an additional 31 shares during the last quarter. Finally, Jessup Wealth Management Inc grew its holdings in shares of Sherwin-Williams by 1.4% in the 2nd 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. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $372.25 on Friday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The company’s 50 day moving average price is $342.28 and its two-hundred day moving average price is $345.26. The firm has a market cap of $92.28 billion, a PE ratio of 36.25, a PEG ratio of 3.17 and a beta of 1.25. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SHW. UBS Group set a $420.00 target price on Sherwin-Williams in a report on Friday, January 30th. Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Finally, Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $386.33.

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.