Tamar Securities LLC Raises Stake in The Sherwin-Williams Company (NYSE:SHW)

Tamar Securities LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,426 shares of the specialty chemicals company’s stock after buying an additional 673 shares during the quarter. Sherwin-Williams comprises about 2.3% of Tamar Securities LLC’s portfolio, making the stock its 19th largest holding. Tamar Securities LLC’s holdings in Sherwin-Williams were worth $16,801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Perigon Wealth Management LLC boosted its holdings in shares of Sherwin-Williams by 443.1% during the fourth quarter. Perigon Wealth Management LLC now owns 8,032 shares of the specialty chemicals company’s stock worth $2,845,000 after purchasing an additional 6,553 shares during the last quarter. YHB Investment Advisors Inc. boosted its position in shares of Sherwin-Williams by 3.7% in the fourth quarter. YHB Investment Advisors Inc. now owns 1,786 shares of the specialty chemicals company’s stock worth $607,000 after buying an additional 64 shares during the period. Berkshire Bank grew its position in Sherwin-Williams by 50.0% in the fourth quarter. Berkshire Bank now owns 1,636 shares of the specialty chemicals company’s stock valued at $556,000 after acquiring an additional 545 shares in the last quarter. Baldwin Wealth Partners LLC MA grew its holdings in Sherwin-Williams by 5.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 38,445 shares of the specialty chemicals company’s stock valued at $13,069,000 after purchasing an additional 1,919 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its position in shares of Sherwin-Williams by 2.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 1,977 shares of the specialty chemicals company’s stock worth $672,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm’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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.1 %

Shares of Sherwin-Williams stock opened at $364.28 on Tuesday. The company has a market capitalization of $91.74 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 2.78 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. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm’s 50-day moving average price is $361.22 and its two-hundred day moving average price is $362.38.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Evercore ISI boosted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Mizuho lowered their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company lifted 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, Robert W. Baird increased their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.65.

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.