DekaBank Deutsche Girozentrale Increases Stock Holdings in The Sherwin-Williams Company $SHW

DekaBank Deutsche Girozentrale increased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 99.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,825 shares of the specialty chemicals company’s stock after purchasing an additional 133,326 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Sherwin-Williams were worth $92,513,000 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. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares during the period. GAMMA Investing LLC boosted its holdings in Sherwin-Williams by 19.8% in the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock valued at $1,636,000 after acquiring an additional 773 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Sherwin-Williams by 112.9% in the first quarter. Exchange Traded Concepts LLC now owns 477 shares of the specialty chemicals company’s stock valued at $167,000 after acquiring an additional 253 shares during the last quarter. Advisor Resource Council acquired a new position in Sherwin-Williams in the first quarter valued at $281,000. Finally, Praxis Investment Management Inc. acquired a new position in Sherwin-Williams in the first quarter valued at $520,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.0%

Shares of SHW opened at $330.72 on Tuesday. The stock’s 50-day moving average is $352.74 and its two-hundred day moving average is $347.94. The stock has a market cap of $82.46 billion, a PE ratio of 32.81, a P/E/G ratio of 3.10 and a beta of 1.20. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the firm posted $3.70 EPS. The company’s revenue was up .6% compared to the same quarter last year. Equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SHW. Citigroup reiterated a “neutral” rating and issued a $380.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. BMO Capital Markets reduced their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Bank of America reduced their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Mizuho reduced their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $387.13.

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.