The Sherwin-Williams Company $SHW Position Boosted by Waterfront Wealth Inc.

Waterfront Wealth Inc. boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 140.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,183 shares of the specialty chemicals company’s stock after buying an additional 4,196 shares during the quarter. Waterfront Wealth Inc.’s holdings in Sherwin-Williams were worth $2,411,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MTM Investment Management LLC acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC increased its stake in Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth $31,000. Delos Wealth Advisors LLC bought a new position in shares of Sherwin-Williams in the 2nd quarter worth about $36,000. Finally, True Wealth Design LLC boosted its holdings in shares of Sherwin-Williams by 129.8% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 61 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.2%

Shares of SHW stock opened at $361.75 on Monday. 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 $89.67 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 3.13 and a beta of 1.25. The stock has a fifty day moving average of $340.06 and a two-hundred day moving average of $344.60. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 earnings per share. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. 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 upgraded 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. Bank of America dropped their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, Mizuho reduced their price target on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $386.33.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the company’s 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 directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.