Palumbo Wealth Management LLC Buys 922 Shares of The Sherwin-Williams Company (NYSE:SHW)

Palumbo Wealth Management LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,647 shares of the specialty chemicals company’s stock after buying an additional 922 shares during the quarter. Sherwin-Williams makes up 0.8% of Palumbo Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Palumbo Wealth Management LLC’s holdings in Sherwin-Williams were worth $2,259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its holdings in Sherwin-Williams by 135.6% during the third quarter. Exchange Traded Concepts LLC now owns 238 shares of the specialty chemicals company’s stock valued at $91,000 after purchasing an additional 137 shares in the last quarter. Creative Planning lifted its stake in shares of Sherwin-Williams by 11.6% during the 3rd quarter. Creative Planning now owns 45,997 shares of the specialty chemicals company’s stock valued at $17,556,000 after buying an additional 4,770 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Sherwin-Williams in the 3rd quarter worth $696,000. Bleakley Financial Group LLC increased its stake in Sherwin-Williams by 0.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 11,215 shares of the specialty chemicals company’s stock worth $4,281,000 after buying an additional 96 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Sherwin-Williams by 2.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,209 shares of the specialty chemicals company’s stock valued at $11,912,000 after acquiring an additional 602 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $356.93 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a market capitalization of $89.89 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 3.15 and a beta of 1.22. The firm has a 50-day moving average price of $352.96 and a 200-day moving average price of $365.12.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the business earned $1.81 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SHW. Evercore ISI increased 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. Robert W. Baird lifted their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada dropped their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target 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. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Insider Transactions at Sherwin-Williams

In other news, 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 transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % 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 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.