Soltis Investment Advisors LLC Buys 97 Shares of The Sherwin-Williams Company (NYSE:SHW)

Soltis Investment Advisors LLC boosted its position in The Sherwin-Williams Company (NYSE:SHW) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,164 shares of the specialty chemicals company’s stock after buying an additional 97 shares during the period. Soltis Investment Advisors LLC’s holdings in Sherwin-Williams were worth $2,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. Valued Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 32 shares in the last quarter. First Personal Financial Services purchased a new stake in Sherwin-Williams during the third quarter worth about $29,000. FSA Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at $32,000. GHP Investment Advisors Inc. lifted its stake in shares of Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 28 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in Sherwin-Williams by 1,000.0% during the 3rd quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 90 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SHW shares. Royal Bank of Canada lowered their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Evercore ISI upped their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Sherwin-Williams Stock Performance

SHW opened at $360.74 on Monday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock has a market capitalization of $90.85 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 3.15 and a beta of 1.22. The company has a fifty day moving average of $356.13 and a 200 day moving average of $364.75. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $1.81 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 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 trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.