Manning & Napier Advisors LLC Sells 480 Shares of The Sherwin-Williams Company (NYSE:SHW)

Manning & Napier Advisors LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,014 shares of the specialty chemicals company’s stock after selling 480 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Sherwin-Williams were worth $3,744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Griffin Asset Management Inc. boosted its position in Sherwin-Williams by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock valued at $3,548,000 after buying an additional 26 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Sherwin-Williams by 2.4% in the third quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock valued at $458,000 after purchasing an additional 28 shares during the period. GHP Investment Advisors Inc. grew its stake 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 worth $33,000 after purchasing an additional 28 shares in the last quarter. Allworth Financial LP increased its holdings in Sherwin-Williams by 1.8% during the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock worth $595,000 after purchasing an additional 28 shares during the period. Finally, First Interstate Bank raised its position in Sherwin-Williams by 1.9% during the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Down 1.0 %

Sherwin-Williams stock opened at $360.43 on Thursday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The stock has a market capitalization of $90.77 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The business has a 50 day simple moving average of $360.82 and a 200-day simple moving average of $363.06.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Wells Fargo & Company boosted 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. Finally, KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.65.

Sherwin-Williams 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.