Envestnet Asset Management Inc. Sells 94,252 Shares of The Sherwin-Williams Company $SHW

Envestnet Asset Management Inc. trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 987,751 shares of the specialty chemicals company’s stock after selling 94,252 shares during the quarter. Envestnet Asset Management Inc. owned 0.40% of Sherwin-Williams worth $342,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC increased its position in Sherwin-Williams by 7.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 3,584 shares of the specialty chemicals company’s stock valued at $1,241,000 after acquiring an additional 244 shares during the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of Sherwin-Williams by 31.6% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 1,885 shares of the specialty chemicals company’s stock valued at $653,000 after purchasing an additional 453 shares during the period. Cornerstone Planning Group LLC increased its position in shares of Sherwin-Williams by 127.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 588 shares of the specialty chemicals company’s stock valued at $204,000 after purchasing an additional 330 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of Sherwin-Williams by 198.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 14,258 shares of the specialty chemicals company’s stock worth $4,937,000 after purchasing an additional 9,473 shares during the period. Finally, Nicholson Wealth Management Group LLC boosted its holdings in shares of Sherwin-Williams by 6.5% in the third quarter. Nicholson Wealth Management Group LLC now owns 5,006 shares of the specialty chemicals company’s stock worth $1,733,000 after buying an additional 305 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 2.5%

Shares of Sherwin-Williams stock opened at $368.50 on Thursday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. 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 company has a market capitalization of $91.35 billion, a P/E ratio of 35.88, a P/E/G ratio of 3.12 and a beta of 1.25. The company has a fifty day moving average of $339.35 and a 200 day moving average of $344.31.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 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 for the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SHW shares. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $386.33.

Insider Transactions at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred 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 sale, the insider owned 5,365 shares in the company, 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 filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

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.