Commerzbank Aktiengesellschaft FI lowered its stake in Sherwin-Williams Co (NYSE:SHW) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,235 shares of the specialty chemicals company’s stock after selling 436 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Sherwin-Williams were worth $506,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in SHW. Tower Research Capital LLC TRC bought a new stake in Sherwin-Williams in the second quarter valued at $100,000. Spectrum Management Group Inc. purchased a new position in Sherwin-Williams during the third quarter valued at $162,000. Montag A & Associates Inc. purchased a new position in Sherwin-Williams during the third quarter valued at $202,000. ZWJ Investment Counsel Inc. purchased a new position in Sherwin-Williams during the third quarter valued at $204,000. Finally, Chemung Canal Trust Co. purchased a new position in Sherwin-Williams during the fourth quarter valued at $204,000. Institutional investors and hedge funds own 75.92% of the company’s stock.
In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the completion of the transaction, the insider now owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert J. Wells sold 2,946 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the transaction, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at approximately $7,512,486.93. The disclosure for this sale can be found here. In the last three months, insiders sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is owned by insiders.
Sherwin-Williams Co (NYSE:SHW) opened at $393.23 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.67. The stock has a market capitalization of $36,770.00, a PE ratio of 20.65, a PEG ratio of 1.82 and a beta of 1.17. Sherwin-Williams Co has a 52-week low of $301.51 and a 52-week high of $435.15.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.18 by ($0.23). The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. Sherwin-Williams’s revenue for the quarter was up 43.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 EPS. research analysts expect that Sherwin-Williams Co will post 19.1 earnings per share for the current year.
Several brokerages have commented on SHW. Robert W. Baird reissued a “buy” rating and set a $475.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, January 10th. Zacks Investment Research lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Citigroup raised their price objective on Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Bank of America raised their price objective on Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Sherwin-Williams in a research report on Sunday, January 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sherwin-Williams presently has an average rating of “Buy” and a consensus price target of $433.74.
Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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