Atlantic Union Bankshares Corp Boosts Stock Holdings in The Sherwin-Williams Company $SHW

Atlantic Union Bankshares Corp grew its position in The Sherwin-Williams Company (NYSE:SHW) by 198.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,258 shares of the specialty chemicals company’s stock after purchasing an additional 9,473 shares during the period. Atlantic Union Bankshares Corp’s holdings in Sherwin-Williams were worth $4,937,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $26,000. Valley National Advisers Inc. increased its position in shares of Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 34 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 44 shares during the period. Salomon & Ludwin LLC bought a new stake in Sherwin-Williams during the second quarter worth $31,000. Finally, Delos Wealth Advisors LLC purchased a new position in Sherwin-Williams in the second quarter worth $36,000. 77.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SHW shares. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research report on Friday. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research report on Wednesday, January 7th. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a research report on Friday. Deutsche Bank Aktiengesellschaft cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research note on Thursday, January 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $386.33.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $357.06 on Tuesday. The firm has a market capitalization of $88.51 billion, a PE ratio of 34.77, a P/E/G ratio of 5.34 and a beta of 1.25. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The company has a 50-day moving average price of $338.52 and a two-hundred day moving average price of $344.01. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the company posted $2.09 EPS. Sherwin-Williams’s revenue was up 5.6% compared to the same quarter last year. Equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams 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.