Johnson Investment Counsel Inc. Buys 10,509 Shares of The Sherwin-Williams Company $SHW

Johnson Investment Counsel Inc. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 13.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 88,653 shares of the specialty chemicals company’s stock after buying an additional 10,509 shares during the period. Johnson Investment Counsel Inc.’s holdings in Sherwin-Williams were worth $30,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SHW. Prospera Financial Services Inc lifted its stake in Sherwin-Williams by 20.8% during the 3rd quarter. Prospera Financial Services Inc now owns 27,401 shares of the specialty chemicals company’s stock valued at $9,488,000 after acquiring an additional 4,715 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Sherwin-Williams by 0.7% during the third quarter. ProShare Advisors LLC now owns 634,410 shares of the specialty chemicals company’s stock valued at $219,671,000 after purchasing an additional 4,414 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Sherwin-Williams by 3.7% during the third quarter. Oppenheimer & Co. Inc. now owns 10,282 shares of the specialty chemicals company’s stock worth $3,560,000 after purchasing an additional 370 shares during the last quarter. Legacy Financial Strategies LLC grew its position in Sherwin-Williams by 1.0% in the 3rd quarter. Legacy Financial Strategies LLC now owns 10,979 shares of the specialty chemicals company’s stock worth $3,801,000 after purchasing an additional 112 shares in the last quarter. Finally, Waterfront Wealth Inc. increased its stake in Sherwin-Williams by 140.5% in the 3rd quarter. Waterfront Wealth Inc. now owns 7,183 shares of the specialty chemicals company’s stock valued at $2,411,000 after buying an additional 4,196 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 0.3%

Shares of NYSE SHW opened at $360.73 on Tuesday. 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 has a market capitalization of $89.42 billion, a PE ratio of 35.12, a P/E/G ratio of 3.13 and a beta of 1.25. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. The business’s fifty day moving average price is $340.44 and its 200-day moving average price is $344.74.

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

Wall Street Analyst Weigh In

SHW has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Mizuho cut their price objective on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a research report on Wednesday, January 7th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Finally, UBS Group set a $420.00 price target on shares of Sherwin-Williams in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.