The Sherwin-Williams Company $SHW Shares Acquired by Aberdeen Group plc

Aberdeen Group plc boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 20.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 272,780 shares of the specialty chemicals company’s stock after acquiring an additional 45,577 shares during the period. Aberdeen Group plc owned 0.11% of Sherwin-Williams worth $94,158,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MTM Investment Management LLC purchased a new position in Sherwin-Williams in the second quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 44 shares during the period. Salomon & Ludwin LLC purchased a new position in Sherwin-Williams in the 2nd quarter valued at approximately $31,000. Delos Wealth Advisors LLC acquired a new position in Sherwin-Williams during the second quarter worth $36,000. Finally, True Wealth Design LLC boosted its position in Sherwin-Williams by 129.8% during the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 61 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

NYSE SHW opened at $368.74 on Monday. 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 Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $379.65. The firm has a market capitalization of $91.41 billion, a P/E ratio of 35.90, a P/E/G ratio of 3.19 and a beta of 1.25. The business’s 50-day simple moving average is $342.99 and its 200-day simple moving average is $345.63.

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, beating the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Analyst Upgrades and Downgrades

SHW has been the subject of several research reports. Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Mizuho reduced their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Royal Bank Of Canada set a $390.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, 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. 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $386.33.

Insider Activity at Sherwin-Williams

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

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.