ABN Amro Investment Solutions Trims Stake in The Sherwin-Williams Company $SHW

ABN Amro Investment Solutions trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,196 shares of the specialty chemicals company’s stock after selling 2,739 shares during the quarter. ABN Amro Investment Solutions’ holdings in Sherwin-Williams were worth $30,539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cordatus Wealth Management LLC lifted its stake in shares of Sherwin-Williams by 149.4% during the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after buying an additional 5,744 shares during the period. Nordea Investment Management AB lifted its position in Sherwin-Williams by 16.1% during the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock worth $43,536,000 after acquiring an additional 17,422 shares during the period. Wealthfront Advisers LLC lifted its position in Sherwin-Williams by 26.1% during the 3rd quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock worth $10,709,000 after acquiring an additional 6,408 shares during the period. Inscription Capital LLC purchased a new stake in Sherwin-Williams during the 3rd quarter valued at about $1,069,000. Finally, Vanguard Group Inc. increased its holdings in shares of Sherwin-Williams by 1.1% in the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after purchasing an additional 246,008 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $368.74 on Friday. The stock has a market capitalization of $91.41 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 3.19 and a beta of 1.25. The stock has a 50-day moving average of $342.99 and a 200 day moving average of $345.54. 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 twelve month low of $308.84 and a twelve month high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $2.09 earnings per share. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SHW shares. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a report on Thursday, January 22nd. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Wednesday, January 7th. Mizuho cut their price objective on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday, December 18th. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a report on Friday, January 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Eleven investment 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $386.33.

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.