The Sherwin-Williams Company $SHW Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 36.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,115 shares of the specialty chemicals company’s stock after purchasing an additional 8,031 shares during the period. NEOS Investment Management LLC’s holdings in Sherwin-Williams were worth $10,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. Wealthcare Advisory Partners LLC increased its stake in shares of Sherwin-Williams by 10.5% during the third quarter. Wealthcare Advisory Partners LLC now owns 967 shares of the specialty chemicals company’s stock worth $335,000 after buying an additional 92 shares during the period. Rothschild Investment LLC lifted its stake in Sherwin-Williams by 5.8% in the third quarter. Rothschild Investment LLC now owns 1,675 shares of the specialty chemicals company’s stock worth $580,000 after acquiring an additional 92 shares during the last quarter. Glenview Trust Co grew its holdings in Sherwin-Williams by 1.8% during the 3rd quarter. Glenview Trust Co now owns 3,307 shares of the specialty chemicals company’s stock worth $1,145,000 after acquiring an additional 58 shares in the last quarter. Zions Bancorporation National Association UT increased its position in shares of Sherwin-Williams by 3.4% in the 3rd quarter. Zions Bancorporation National Association UT now owns 15,604 shares of the specialty chemicals company’s stock valued at $5,403,000 after purchasing an additional 519 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Sherwin-Williams by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock valued at $7,838,532,000 after purchasing an additional 309,153 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction dated 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 directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on SHW. Mizuho boosted 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. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Finally, Citigroup restated 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $387.67.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $367.55 on Wednesday. The stock has a market cap of $91.11 billion, a P/E ratio of 35.79, a P/E/G ratio of 3.19 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65. The stock has a 50 day moving average of $344.75 and a two-hundred day moving average of $346.07. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last released 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. The firm had revenue of $5.60 billion for 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%.The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $2.09 earnings per share. On average, research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current 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.