Public Sector Pension Investment Board Has $6.68 Million Stock Position in The Sherwin-Williams Company $SHW

Public Sector Pension Investment Board lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,293 shares of the specialty chemicals company’s stock after acquiring an additional 2,794 shares during the quarter. Public Sector Pension Investment Board’s holdings in Sherwin-Williams were worth $6,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. MTM Investment Management LLC acquired a new position in shares of Sherwin-Williams during the second quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of 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 buying an additional 44 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in Sherwin-Williams during the 2nd quarter worth $36,000. True Wealth Design LLC grew its position in 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 purchasing an additional 61 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of Sherwin-Williams in the third quarter valued at approximately $42,000. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SHW. Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a report on Thursday, January 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research report on Wednesday, January 7th. Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $387.67.

Sherwin-Williams Trading Down 0.6%

SHW opened at $365.65 on Thursday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. 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 business has a 50 day simple moving average of $345.53 and a two-hundred day simple moving average of $346.20. The firm has a market capitalization of $90.64 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 3.18 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 earnings per share. Analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams 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.