Hunter Associates Investment Management LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Hunter Associates Investment Management LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHWFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 910 shares of the specialty chemicals company’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHW. Hutner Capital Management Inc. lifted its position in shares of Sherwin-Williams by 1.8% during the 2nd quarter. Hutner Capital Management Inc. now owns 2,062 shares of the specialty chemicals company’s stock worth $548,000 after purchasing an additional 37 shares during the last quarter. Arbor Capital Management Inc. ADV increased its position in Sherwin-Williams by 1.0% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 3,884 shares of the specialty chemicals company’s stock worth $1,024,000 after buying an additional 38 shares during the period. TrinityPoint Wealth LLC boosted its position in shares of Sherwin-Williams by 1.8% in the second quarter. TrinityPoint Wealth LLC now owns 2,255 shares of the specialty chemicals company’s stock valued at $599,000 after acquiring an additional 39 shares during the period. Archer Investment Corp boosted its position in shares of Sherwin-Williams by 19.5% in the second quarter. Archer Investment Corp now owns 239 shares of the specialty chemicals company’s stock valued at $63,000 after acquiring an additional 39 shares during the period. Finally, Midwest Financial Group LLC grew its stake in shares of Sherwin-Williams by 1.6% in the third quarter. Midwest Financial Group LLC now owns 2,540 shares of the specialty chemicals company’s stock worth $648,000 after acquiring an additional 40 shares during the last quarter. 75.87% of the stock is owned by institutional investors.

Insider Transactions at Sherwin-Williams

In related news, COO Heidi G. Petz sold 6,699 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $290.24, for a total value of $1,944,317.76. Following the completion of the transaction, the chief operating officer now owns 14,718 shares in the company, valued at approximately $4,271,752.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sherwin-Williams news, SVP Mary L. Garceau sold 923 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $292.65, for a total transaction of $270,115.95. Following the transaction, the senior vice president now directly owns 21,363 shares in the company, valued at approximately $6,251,881.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Heidi G. Petz sold 6,699 shares of Sherwin-Williams stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $290.24, for a total transaction of $1,944,317.76. Following the sale, the chief operating officer now owns 14,718 shares of the company’s stock, valued at approximately $4,271,752.32. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SHW shares. Argus increased their price target on shares of Sherwin-Williams from $330.00 to $378.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Northcoast Research downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and set a $315.00 target price on the stock. in a research report on Tuesday, January 2nd. UBS Group boosted their price target on Sherwin-Williams from $274.00 to $312.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Seaport Res Ptn downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Bank of America cut Sherwin-Williams from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $300.00 to $275.00 in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Hold” and a consensus price target of $311.22.

Get Our Latest Stock Report on SHW

Sherwin-Williams Stock Performance

NYSE:SHW opened at $311.74 on Monday. The stock has a market capitalization of $79.80 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.14. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. The Sherwin-Williams Company has a 1 year low of $205.43 and a 1 year high of $314.14. The firm has a 50 day moving average of $303.19 and a 200-day moving average of $276.57.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.39 EPS for the current fiscal year.

Sherwin-Williams Company Profile

(Free Report)

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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