The Sherwin-Williams Company $SHW Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,364 shares of the specialty chemicals company’s stock after purchasing an additional 2,522 shares during the period. Assetmark Inc.’s holdings in Sherwin-Williams were worth $11,206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Public Sector Pension Investment Board lifted its position in shares of Sherwin-Williams by 16.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 19,293 shares of the specialty chemicals company’s stock valued at $6,680,000 after acquiring an additional 2,794 shares during the period. Connable Office Inc. raised its holdings in Sherwin-Williams by 24.0% during the third quarter. Connable Office Inc. now owns 7,431 shares of the specialty chemicals company’s stock worth $2,573,000 after purchasing an additional 1,438 shares during the last quarter. Atria Investments Inc boosted its position in Sherwin-Williams by 3.9% during the third quarter. Atria Investments Inc now owns 27,164 shares of the specialty chemicals company’s stock worth $9,406,000 after purchasing an additional 1,012 shares in the last quarter. ICW Investment Advisors LLC grew its holdings in Sherwin-Williams by 4.5% in the third quarter. ICW Investment Advisors LLC now owns 10,364 shares of the specialty chemicals company’s stock valued at $3,589,000 after purchasing an additional 445 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of Sherwin-Williams by 192.2% in the third quarter. Wedbush Securities Inc. now owns 13,086 shares of the specialty chemicals company’s stock valued at $4,531,000 after buying an additional 8,608 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Mizuho lowered 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. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research report on Wednesday, January 7th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft cut Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a report on Thursday, January 22nd. Finally, UBS Group set a $420.00 price target on Sherwin-Williams in a report on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $386.33.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $368.74 on Monday. The company has a market cap 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 company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The firm has a 50 day moving average price of $342.99 and a 200 day moving average price of $345.63. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued 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 business had revenue of $5.60 billion for 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

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.