Financial & Tax Architects LLC Buys 1,519 Shares of The Sherwin-Williams Company $SHW

Financial & Tax Architects LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,559 shares of the specialty chemicals company’s stock after buying an additional 1,519 shares during the quarter. Sherwin-Williams makes up approximately 1.6% of Financial & Tax Architects LLC’s holdings, making the stock its 27th largest holding. Financial & Tax Architects LLC’s holdings in Sherwin-Williams were worth $7,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in 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 worth $7,666,732,000 after purchasing an additional 246,008 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Sherwin-Williams by 1.8% during 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 buying an additional 90,482 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Sherwin-Williams by 9.9% in 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 buying an additional 351,453 shares during the period. Norges Bank bought a new position in Sherwin-Williams in the second quarter valued at approximately $1,296,565,000. Finally, JPMorgan Chase & Co. boosted its stake in Sherwin-Williams by 22.3% in the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after acquiring an additional 553,275 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of the firm’s 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 sale, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target on the stock. in a research note on Thursday, January 22nd. Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Bank of America cut their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Mizuho decreased their target price 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. Finally, Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $386.33.

Sherwin-Williams Trading Down 2.2%

NYSE SHW opened at $360.97 on Friday. The Sherwin-Williams Company has a one year low of $308.84 and a one year 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 firm has a market cap of $89.48 billion, a P/E ratio of 35.15, a P/E/G ratio of 3.19 and a beta of 1.25. The stock’s 50-day moving average is $339.70 and its 200-day moving average is $344.43.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.Sherwin-Williams’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.09 EPS. Sell-side 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.