Sit Investment Associates Inc. Cuts Stake in Sherwin-Williams Co (SHW)

Sit Investment Associates Inc. lowered its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,340 shares of the specialty chemicals company’s stock after selling 1,520 shares during the period. Sit Investment Associates Inc.’s holdings in Sherwin-Williams were worth $19,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in SHW. Janus Henderson Group PLC grew its stake in Sherwin-Williams by 10,157.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock valued at $366,368,000 after acquiring an additional 1,033,725 shares in the last quarter. FMR LLC grew its stake in Sherwin-Williams by 18.1% during the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after acquiring an additional 621,190 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Sherwin-Williams by 222.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock valued at $171,109,000 after acquiring an additional 336,540 shares in the last quarter. Vanguard Group Inc. grew its stake in Sherwin-Williams by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after acquiring an additional 315,903 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Sherwin-Williams by 30.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares in the last quarter. 75.60% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Co (SHW) opened at $419.53 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. Sherwin-Williams Co has a fifty-two week low of $277.61 and a fifty-two week high of $427.33. The firm has a market cap of $39,230.00, a PE ratio of 35.55, a price-to-earnings-growth ratio of 1.95 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period in the prior year, the business posted $4.23 EPS. The business’s revenue for the quarter was up 37.4% compared to the same quarter last year. equities research analysts predict that Sherwin-Williams Co will post 15.02 earnings per share for the current fiscal year.

In other news, insider Robert J. Davisson sold 8,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total value of $3,432,616.00. Following the transaction, the insider now directly owns 14,812 shares in the company, valued at approximately $5,777,716.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the transaction, the insider now owns 3,302 shares in the company, valued at $1,285,336.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,122 shares of company stock worth $5,969,846. Company insiders own 1.69% of the company’s stock.

Several analysts recently issued reports on SHW shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $455.00 price objective on shares of Sherwin-Williams in a research note on Thursday, December 14th. Morgan Stanley set a $425.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 4th. Longbow Research reiterated a “buy” rating and issued a $440.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Monday, October 9th. KeyCorp reiterated an “overweight” rating and issued a $440.00 target price (up from $415.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 target price on the stock in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $416.14.

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Sherwin-Williams 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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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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