Jensen Investment Management Inc. Grows Stock Holdings in The Sherwin-Williams Company $SHW

Jensen Investment Management Inc. raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 663,607 shares of the specialty chemicals company’s stock after acquiring an additional 105,352 shares during the period. Sherwin-Williams makes up 2.9% of Jensen Investment Management Inc.’s investment portfolio, making the stock its 18th biggest holding. Jensen Investment Management Inc. owned 0.27% of Sherwin-Williams worth $229,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SHW. Wealthfront Advisers LLC increased its holdings in shares of Sherwin-Williams by 26.1% in the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock valued at $10,709,000 after purchasing an additional 6,408 shares during the period. Johnson Investment Counsel Inc. grew its position in Sherwin-Williams by 13.4% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 88,653 shares of the specialty chemicals company’s stock valued at $30,697,000 after buying an additional 10,509 shares during the last quarter. Prospera Financial Services Inc raised its position 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 worth $9,488,000 after buying an additional 4,715 shares during the last quarter. ProShare Advisors LLC raised its holdings in Sherwin-Williams by 0.7% during the third quarter. ProShare Advisors LLC now owns 634,410 shares of the specialty chemicals company’s stock worth $219,671,000 after purchasing an additional 4,414 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Sherwin-Williams by 3.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,282 shares of the specialty chemicals company’s stock worth $3,560,000 after buying an additional 370 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 1.1%

Shares of SHW opened at $364.51 on Wednesday. The company’s fifty day moving average is $340.98 and its two-hundred day moving average is $344.91. The firm has a market cap of $90.36 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 3.12 and a beta of 1.25. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last issued its earnings results 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 business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the firm posted $2.09 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Analysts Set New Price Targets

SHW has been the topic of several recent research reports. Bank of America reduced their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a research note on Wednesday, January 7th. Mizuho lowered their price target on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $386.33.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.