Simon Quick Advisors LLC Purchases 32 Shares of The Sherwin-Williams Company (NYSE:SHW)

Simon Quick Advisors LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,338 shares of the specialty chemicals company’s stock after buying an additional 32 shares during the quarter. Simon Quick Advisors LLC’s holdings in Sherwin-Williams were worth $455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHW. XTX Topco Ltd bought a new stake in shares of Sherwin-Williams in the second quarter worth $278,000. Gabelli Funds LLC increased its stake in Sherwin-Williams by 1.3% in the 2nd quarter. Gabelli Funds LLC now owns 15,425 shares of the specialty chemicals company’s stock valued at $4,603,000 after buying an additional 200 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Sherwin-Williams by 84.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,880 shares of the specialty chemicals company’s stock worth $2,352,000 after buying an additional 3,619 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Sherwin-Williams by 18.3% during the 2nd quarter. Marshall Wace LLP now owns 321,908 shares of the specialty chemicals company’s stock worth $96,067,000 after buying an additional 49,842 shares during the last quarter. Finally, Semmax Financial Advisors Inc. grew its holdings in shares of Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on SHW shares. Robert W. Baird increased their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Citigroup lowered their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $402.25.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $357.44 on Thursday. The company has a 50-day simple moving average of $362.74 and a two-hundred day simple moving average of $361.16. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The stock has a market capitalization of $90.02 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the firm posted $3.20 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Insider Activity

In other news, SVP Mary L. Garceau sold 15,770 shares of the business’s 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 completion of the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams 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.