The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,996 shares of the specialty chemicals company’s stock after selling 175 shares during the quarter. Procyon Advisors LLC’s holdings in Sherwin-Williams were worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHW. Valued Wealth Advisors LLC boosted its stake in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares during the last quarter. First Personal Financial Services acquired a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $29,000. Semmax Financial Advisors Inc. lifted its holdings in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the third quarter worth approximately $32,000. Finally, GHP Investment Advisors Inc. grew its holdings in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SHW. Wells Fargo & Company increased their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Citigroup lowered their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $402.25.

Sherwin-Williams Trading Down 0.1 %

NYSE SHW opened at $353.97 on Friday. The stock has a market cap of $89.15 billion, a P/E ratio of 35.26, a PEG ratio of 2.39 and a beta of 1.22. The company’s fifty day simple moving average is $364.55 and its 200-day simple moving average is $358.99. The company has a current ratio of 0.83, a quick ratio of 0.51 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.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.20 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the 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 transaction, the senior vice president now 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 disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.