Welch & Forbes LLC lessened its stake in Sherwin-Williams Co (NYSE:SHW) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,784 shares of the specialty chemicals company’s stock after selling 2,030 shares during the period. Welch & Forbes LLC’s holdings in Sherwin-Williams were worth $4,637,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CMH Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $35,000. Essex Savings Bank bought a new position in Sherwin-Williams during the fourth quarter worth about $40,000. Contravisory Investment Management Inc. bought a new position in Sherwin-Williams during the fourth quarter worth about $44,000. Csenge Advisory Group bought a new position in Sherwin-Williams during the third quarter worth about $66,000. Finally, Rational Advisors LLC lifted its stake in Sherwin-Williams by 1,180.0% during the third quarter. Rational Advisors LLC now owns 256 shares of the specialty chemicals company’s stock worth $117,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.
Shares of Sherwin-Williams stock traded up $7.79 during midday trading on Tuesday, reaching $431.50. The company had a trading volume of 6,100 shares, compared to its average volume of 846,064. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.01 and a quick ratio of 0.59. The firm has a market cap of $39.42 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.62 and a beta of 1.29. Sherwin-Williams Co has a 1-year low of $355.28 and a 1-year high of $479.64.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.02). The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.05 billion. Sherwin-Williams had a net margin of 6.32% and a return on equity of 46.48%. During the same period in the prior year, the business earned $3.16 EPS. On average, sell-side analysts expect that Sherwin-Williams Co will post 21.23 EPS for the current year.
SHW has been the subject of a number of research analyst reports. Credit Suisse Group set a $500.00 target price on shares of Sherwin-Williams and gave the company a “buy” rating in a research note on Monday, October 15th. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 target price for the company in a research note on Tuesday, October 16th. Longbow Research initiated coverage on shares of Sherwin-Williams in a research note on Friday, November 30th. They issued a “neutral” rating for the company. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Friday, January 4th. Finally, BMO Capital Markets set a $444.00 target price on shares of Sherwin-Williams and gave the company a “hold” rating in a research note on Wednesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $461.10.
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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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