The Sherwin-Williams Company $SHW Position Lowered by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 50.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,643 shares of the specialty chemicals company’s stock after selling 2,720 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Sherwin-Williams were worth $915,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Sherwin-Williams by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after acquiring an additional 246,008 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sherwin-Williams by 1.8% in the second quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after purchasing an additional 90,482 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Sherwin-Williams by 9.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock valued at $1,334,918,000 after purchasing an additional 351,453 shares during the last quarter. Norges Bank acquired a new stake in shares of Sherwin-Williams during the second quarter worth $1,296,565,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Sherwin-Williams by 22.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after buying an additional 553,275 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SHW shares. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research report on Wednesday, January 7th. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. UBS Group reiterated a “buy” rating and set a $415.00 price target (down from $422.00) on shares of Sherwin-Williams in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Finally, Bank of America dropped their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $385.94.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $346.43 on Wednesday. The stock has a market cap of $85.88 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 5.04 and a beta of 1.26. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The stock’s 50 day moving average price is $336.86 and its 200 day moving average price is $343.63.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.37 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.