Weatherly Asset Management L. P. Decreases Position in The Sherwin-Williams Company (NYSE:SHW)

Weatherly Asset Management L. P. trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,300 shares of the specialty chemicals company’s stock after selling 95 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Sherwin-Williams were worth $2,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SHW. FMR LLC raised its stake in Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after acquiring an additional 999,164 shares in the last quarter. Geode Capital Management LLC grew its position in Sherwin-Williams by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock worth $1,799,196,000 after purchasing an additional 58,463 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Sherwin-Williams by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after purchasing an additional 15,843 shares during the last quarter. Franklin Resources Inc. grew its position in Sherwin-Williams by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company’s stock worth $542,711,000 after purchasing an additional 78,075 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Sherwin-Williams by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after purchasing an additional 10,709 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $359.33 on Tuesday. The firm has a 50 day simple moving average of $356.13 and a 200-day simple moving average of $364.98. 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 market cap of $90.50 billion, a PE ratio of 34.06, a P/E/G ratio of 3.15 and a beta of 1.22. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $1.81 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 2,565 shares of the company’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 transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s 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 transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $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 currently owned by company insiders.

Analysts Set New Price Targets

SHW has been the topic of several research reports. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Morgan Stanley lowered their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Finally, Barclays lifted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” 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, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

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.