The Sherwin-Williams Company $SHW Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,052,021 shares of the specialty chemicals company’s stock after acquiring an additional 12,715 shares during the period. JPMorgan Chase & Co.’s holdings in Sherwin-Williams were worth $1,056,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC increased its position in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the last quarter. Empowered Funds LLC grew its stake in Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after purchasing an additional 626 shares in the last quarter. Mutual Advisors LLC grew its stake in Sherwin-Williams by 12.4% in the second quarter. Mutual Advisors LLC now owns 873 shares of the specialty chemicals company’s stock worth $297,000 after purchasing an additional 96 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Sherwin-Williams by 35.9% in the second quarter. Chicago Partners Investment Group LLC now owns 2,463 shares of the specialty chemicals company’s stock valued at $845,000 after buying an additional 651 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in Sherwin-Williams during the second quarter valued at approximately $31,000. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SHW. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a research report on Thursday, January 22nd. Mizuho decreased their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Vertical Research upgraded 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 report on Wednesday, January 7th. Finally, Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $386.33.

Sherwin-Williams Stock Down 1.0%

SHW stock opened at $368.74 on Tuesday. The stock has a market cap of $91.41 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 3.19 and a beta of 1.25. The firm’s 50-day simple moving average is $343.82 and its 200 day simple moving average is $345.90. 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 posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (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 firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the business posted $2.09 EPS. Sherwin-Williams’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

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.