The Sherwin-Williams Company $SHW Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,637,705 shares of the specialty chemicals company’s stock after purchasing an additional 309,153 shares during the quarter. Vanguard Group Inc. owned 9.13% of Sherwin-Williams worth $7,838,532,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $26,000. Vermillion & White Wealth Management Group LLC raised its position in Sherwin-Williams by 104.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 44 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Sherwin-Williams in the second quarter valued at about $31,000. Delos Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams in the second quarter valued at about $36,000. Finally, True Wealth Design LLC grew its position in shares of Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $368.74 on Tuesday. The stock has a fifty day moving average price of $343.82 and a 200 day moving average price of $345.90. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The firm has a market capitalization of $91.41 billion, a P/E ratio of 35.90, 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. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.09 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SHW. Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. UBS Group set a $420.00 price target on Sherwin-Williams in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered 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. Royal Bank Of Canada set a $390.00 price objective on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Citigroup restated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued 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 $386.33.

Insiders Place Their Bets

In other Sherwin-Williams 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 value 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.

About Sherwin-Williams

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.