Global X Japan Co. Ltd. Boosts Position in The Sherwin-Williams Company (NYSE:SHW)

Global X Japan Co. Ltd. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,439 shares of the specialty chemicals company’s stock after buying an additional 168 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Sherwin-Williams were worth $489,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Merit Financial Group LLC increased its stake in shares of Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after acquiring an additional 523 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in shares of Sherwin-Williams by 13.0% in the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after acquiring an additional 209 shares during the last quarter. Tamar Securities LLC lifted its holdings in Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after purchasing an additional 1,604 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Sherwin-Williams by 52.6% in the 4th 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 during the last quarter. Finally, Burney Co. boosted its stake in Sherwin-Williams by 4.6% in the 4th quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock worth $5,871,000 after buying an additional 766 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’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 value of $971,185.95. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Up 0.1 %

SHW stock opened at $364.95 on Friday. The firm has a market cap of $91.91 billion, a PE ratio of 34.59, a P/E/G ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $357.45 and a 200 day simple moving average of $364.34. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the prior year, the company earned $1.81 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SHW shares. Barclays lifted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Robert W. Baird boosted their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Citigroup cut their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $400.00.

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.