Carnegie Investment Counsel increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 0.4% in the fourth quarter, Holdings Channel reports. The firm owned 169,992 shares of the specialty chemicals company’s stock after acquiring an additional 655 shares during the period. Sherwin-Williams accounts for 1.7% of Carnegie Investment Counsel’s investment portfolio, making the stock its 11th biggest position. Carnegie Investment Counsel’s holdings in Sherwin-Williams were worth $57,785,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the business. Valued Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of Sherwin-Williams during the 3rd quarter valued at about $29,000. Semmax Financial Advisors Inc. lifted its position in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares in the last quarter. FSA Wealth Management LLC purchased a new position in Sherwin-Williams in the 3rd quarter worth approximately $32,000. Finally, GHP Investment Advisors Inc. grew its position in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Insider Buying and Selling
In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.
Sherwin-Williams Trading Up 2.1 %
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $3.20 EPS. On average, equities analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.
Analyst Upgrades and Downgrades
SHW has been the subject of several analyst reports. Mizuho decreased their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Citigroup dropped their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company increased their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $402.25.
Get Our Latest Analysis on SHW
Sherwin-Williams Company Profile
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.
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