The Sherwin-Williams Company $SHW Shares Bought by Waterfront Wealth Inc.

Waterfront Wealth Inc. increased its position in The Sherwin-Williams Company (NYSE:SHW) by 140.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,183 shares of the specialty chemicals company’s stock after buying an additional 4,196 shares during the quarter. Waterfront Wealth Inc.’s holdings in Sherwin-Williams were worth $2,411,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SHW. Brighton Jones LLC lifted its holdings in Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after acquiring an additional 655 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after purchasing an additional 626 shares in the last quarter. Blue Trust Inc. lifted its stake in Sherwin-Williams by 1.9% during the second quarter. Blue Trust Inc. now owns 1,791 shares of the specialty chemicals company’s stock valued at $615,000 after purchasing an additional 33 shares during the last quarter. PDS Planning Inc boosted its holdings in Sherwin-Williams by 7.3% during the second quarter. PDS Planning Inc now owns 2,334 shares of the specialty chemicals company’s stock worth $801,000 after buying an additional 159 shares in the last quarter. Finally, Aberdeen Group plc grew its position in Sherwin-Williams by 8.0% in the second quarter. Aberdeen Group plc now owns 227,203 shares of the specialty chemicals company’s stock worth $78,012,000 after buying an additional 16,865 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.2%

NYSE:SHW opened at $361.75 on Monday. The stock has a market cap of $89.67 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 3.13 and a beta of 1.25. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The stock’s 50-day moving average is $340.06 and its two-hundred day moving average is $344.60.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This represents a 35.68% 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. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SHW has been the subject of several research reports. Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Mizuho decreased their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th. UBS Group set a $420.00 price objective on Sherwin-Williams in a report on Friday, January 30th. Royal Bank Of Canada set a $390.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Bank of America dropped their target price on shares of 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 analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $386.33.

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.