The Sherwin-Williams Company $SHW Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,553 shares of the specialty chemicals company’s stock after selling 4,358 shares during the period. Crestwood Advisors Group LLC’s holdings in Sherwin-Williams were worth $28,238,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams in the second quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC lifted its position in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares during the period. Salomon & Ludwin LLC bought a new position in Sherwin-Williams during the 2nd quarter valued at $31,000. Delos Wealth Advisors LLC acquired a new position in shares of Sherwin-Williams during the 2nd quarter valued at $36,000. Finally, True Wealth Design LLC raised its stake 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 worth $37,000 after buying an additional 61 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 1.0%

SHW stock opened at $368.74 on Tuesday. 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 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 Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The company’s 50 day simple moving average is $343.82 and its 200-day simple moving average is $345.90.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the previous year, the company posted $2.09 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Analyst Ratings Changes

SHW has been the subject of several research reports. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research note on Friday, January 30th. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 30th. Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Mizuho reduced their target price 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. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a report on Wednesday, January 7th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $386.33.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,976 shares of the 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. 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.