Strategic Financial Concepts LLC Takes $169,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Strategic Financial Concepts LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 52,170 shares of the specialty chemicals company’s stock, valued at approximately $169,000.

Other large investors also recently bought and sold shares of the company. Valued Wealth Advisors LLC grew its position in shares of Sherwin-Williams by 88.9% during the third 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 in the last quarter. First Personal Financial Services purchased a new position in Sherwin-Williams in the third quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams during the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. increased its position in shares of Sherwin-Williams by 47.5% in the 3rd 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 last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Sherwin-Williams in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SHW shares. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Citigroup lowered their price objective 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. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Barclays boosted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Mizuho dropped their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $400.00.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % 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, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction 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 owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Performance

NYSE SHW opened at $355.38 on Thursday. The business’s 50-day moving average price is $354.72 and its 200 day moving average price is $365.19. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The firm has a market cap of $89.50 billion, a P/E ratio of 33.69, a P/E/G ratio of 3.15 and a beta of 1.22. 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 released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the company earned $1.81 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

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.