Thrivent Financial for Lutherans Cuts Position in The Sherwin-Williams Company $SHW

Thrivent Financial for Lutherans reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 30.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,760 shares of the specialty chemicals company’s stock after selling 9,637 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sherwin-Williams were worth $7,534,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after acquiring an additional 626 shares in the last quarter. Simplicity Wealth LLC purchased a new stake in Sherwin-Williams during the second quarter valued at approximately $458,000. Maryland State Retirement & Pension System boosted its stake in Sherwin-Williams by 3.4% in the second quarter. Maryland State Retirement & Pension System now owns 11,337 shares of the specialty chemicals company’s stock valued at $3,893,000 after acquiring an additional 371 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in Sherwin-Williams by 42.2% in the second quarter. Vontobel Holding Ltd. now owns 128,207 shares of the specialty chemicals company’s stock worth $44,021,000 after purchasing an additional 38,044 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SHW. Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Monday, January 19th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research report on Wednesday, January 7th. UBS Group set a $420.00 price target on Sherwin-Williams in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. 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. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $386.33.

Sherwin-Williams Price Performance

NYSE:SHW opened at $360.97 on Friday. The firm’s fifty day moving average is $339.70 and its two-hundred day moving average is $344.43. The firm has a market cap of $89.48 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 3.19 and a beta of 1.25. 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 one year low of $308.84 and a one year high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 EPS. Research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred 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 owned 5,365 shares of the company’s stock, 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. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams 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.