Cercano Management LLC Buys Shares of 57,705 The Sherwin-Williams Company $SHW

Cercano Management LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 57,705 shares of the specialty chemicals company’s stock, valued at approximately $19,981,000. Sherwin-Williams makes up about 0.8% of Cercano Management LLC’s portfolio, making the stock its 28th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Sherwin-Williams in the second quarter valued at approximately $1,296,565,000. Viking Global Investors LP lifted its stake in shares of Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after acquiring an additional 985,520 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Sherwin-Williams by 4,029.8% in the 2nd quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock valued at $213,410,000 after acquiring an additional 606,482 shares during the last quarter. Amundi boosted its holdings in shares of Sherwin-Williams by 55.8% during the 2nd quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock valued at $587,047,000 after acquiring an additional 596,657 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Sherwin-Williams by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after acquiring an additional 553,275 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Zacks Research lowered shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. 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. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target on the stock. in a report on Thursday, January 22nd. Eleven research 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. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Stock Down 0.4%

Sherwin-Williams stock opened at $367.55 on Wednesday. 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 Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The firm has a 50 day moving average price of $344.75 and a two-hundred day moving average price of $346.07. The firm has a market cap of $91.11 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 3.19 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating 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 company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the firm posted $2.09 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was 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 $1,928,717.50. The trade was a 35.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

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.