Park Place Capital Corp Reduces Stake in The Sherwin-Williams Company (NYSE:SHW)

Park Place Capital Corp lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,040 shares of the specialty chemicals company’s stock after selling 175 shares during the period. Park Place Capital Corp’s holdings in Sherwin-Williams were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its position in 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 valued at $694,000 after buying an additional 209 shares during the last quarter. Tamar Securities LLC boosted its position 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 worth $18,608,000 after purchasing an additional 1,604 shares in the last quarter. Park Avenue Securities LLC boosted its position 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 worth $2,271,000 after purchasing an additional 2,303 shares in the last quarter. Burney Co. boosted its position 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 purchasing an additional 766 shares in the last quarter. Finally, Swedbank AB boosted its position in Sherwin-Williams by 4.2% in the 3rd quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock worth $44,676,000 after purchasing an additional 4,681 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 2.0 %

Shares of SHW opened at $360.98 on Wednesday. The company has a market capitalization of $90.91 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. 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 Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a fifty day simple moving average of $362.74 and a two-hundred day simple moving average of $361.16.

Sherwin-Williams (NYSE:SHW) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.20 earnings per share. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays upped their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Mizuho lowered their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, BMO Capital Markets upped their target price on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $402.25.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

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.