Alta Capital Management LLC Has $30.61 Million Position in The Sherwin-Williams Company $SHW

Alta Capital Management LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,407 shares of the specialty chemicals company’s stock after selling 2,617 shares during the quarter. Sherwin-Williams makes up 1.7% of Alta Capital Management LLC’s portfolio, making the stock its 21st largest position. Alta Capital Management LLC’s holdings in Sherwin-Williams were worth $30,612,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the last quarter. Empowered Funds LLC increased its holdings in Sherwin-Williams by 11.2% during the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after buying an additional 626 shares during the last quarter. Simplicity Wealth LLC acquired a new position in Sherwin-Williams during the second quarter worth $458,000. Valley National Advisers Inc. raised its position in Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 34 shares in the last quarter. Finally, D.B. Root & Company LLC acquired a new stake in Sherwin-Williams in the second quarter valued at $254,000. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Wednesday, January 7th. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Finally, Mizuho cut their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $386.33.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $359.06 on Wednesday. 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 firm has a market cap of $89.01 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 3.10 and a beta of 1.25. The stock’s fifty day moving average price is $338.85 and its two-hundred day moving average price is $344.14. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65.

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 analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

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.