Daymark Wealth Partners LLC Has $8.53 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Daymark Wealth Partners LLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 25,090 shares of the specialty chemicals company’s stock after selling 494 shares during the period. Daymark Wealth Partners LLC’s holdings in Sherwin-Williams were worth $8,529,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in shares of Sherwin-Williams by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 97,718 shares of the specialty chemicals company’s stock worth $33,217,000 after acquiring an additional 317 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Sherwin-Williams by 2.5% in the 4th quarter. Simon Quick Advisors LLC now owns 1,338 shares of the specialty chemicals company’s stock valued at $455,000 after purchasing an additional 32 shares in the last quarter. Beaumont Financial Advisors LLC bought a new position in shares of Sherwin-Williams in the 4th quarter valued at $326,000. Howard Capital Management Group LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth $170,000. Finally, Atomi Financial Group Inc. lifted its position in shares of Sherwin-Williams by 8.9% during the 4th quarter. Atomi Financial Group Inc. now owns 5,267 shares of the specialty chemicals company’s stock worth $1,790,000 after buying an additional 431 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock opened at $361.33 on Wednesday. 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 company’s fifty day simple moving average is $362.74 and its 200 day simple moving average is $361.16. 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 cap of $91.00 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.72 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.20 earnings per share. On average, analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were 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 owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 dated 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 directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on SHW shares. Mizuho lowered their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Royal Bank of Canada lowered their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Finally, Citigroup lowered their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $402.25.

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.