Mount Yale Investment Advisors LLC Reduces Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Mount Yale Investment Advisors LLC decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 47.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,605 shares of the specialty chemicals company’s stock after selling 5,011 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Sherwin-Williams were worth $1,905,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHW. Merit Financial Group LLC increased its holdings in Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock valued at $400,000 after purchasing an additional 523 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in shares of Sherwin-Williams by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock valued at $694,000 after acquiring an additional 209 shares in the last quarter. Tamar Securities LLC lifted its stake in Sherwin-Williams by 3.4% in the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock worth $18,608,000 after acquiring an additional 1,604 shares during the period. Park Avenue Securities LLC boosted its holdings in Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock valued at $2,271,000 after acquiring an additional 2,303 shares in the last quarter. Finally, Burney Co. increased its position in Sherwin-Williams by 4.6% during the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock valued at $5,871,000 after purchasing an additional 766 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Price Performance

NYSE SHW opened at $360.06 on Monday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The company has a market capitalization of $90.68 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.78 and a beta of 1.22. The stock has a 50-day moving average of $361.22 and a 200 day moving average of $362.38. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was 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 $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of several research analyst reports. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Mizuho cut their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the company from $321.00 to $420.00 in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $403.29.

About Sherwin-Williams

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.