Public Sector Pension Investment Board Raises Stake in The Sherwin-Williams Company $SHW

Public Sector Pension Investment Board boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 16.9% during the third quarter, Holdings Channel.com reports. The firm owned 19,293 shares of the specialty chemicals company’s stock after acquiring an additional 2,794 shares during the quarter. Public Sector Pension Investment Board’s holdings in Sherwin-Williams were worth $6,680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Brighton Jones LLC grew its stake in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 655 shares during the last quarter. Empowered Funds LLC boosted its holdings in Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after acquiring an additional 626 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Sherwin-Williams by 35.9% in the second quarter. Chicago Partners Investment Group LLC now owns 2,463 shares of the specialty chemicals company’s stock worth $845,000 after acquiring an additional 651 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Sherwin-Williams by 14.0% in the second quarter. Avidian Wealth Enterprises LLC now owns 959 shares of the specialty chemicals company’s stock worth $329,000 after acquiring an additional 118 shares during the last quarter. Finally, Phoenix Financial Ltd. increased its holdings in shares of Sherwin-Williams by 57.4% during the second quarter. Phoenix Financial Ltd. now owns 3,509 shares of the specialty chemicals company’s stock valued at $1,204,000 after acquiring an additional 1,279 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.6%

Shares of NYSE:SHW opened at $365.65 on Thursday. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The stock has a market capitalization of $90.64 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 3.18 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The stock’s 50-day simple moving average is $345.53 and its two-hundred day simple moving average is $346.20.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.09 EPS. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHW. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Friday, January 30th. Mizuho upped their target price on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday. Vertical Research raised 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Eleven equities 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 stock. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $387.67.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.