Willingdon Wealth Management Lowers Holdings in Sherwin-Williams Co (SHW)
Willingdon Wealth Management lessened its stake in Sherwin-Williams Co (NYSE:SHW) by 13.7% in the 4th quarter, HoldingsChannel reports. The fund owned 4,463 shares of the specialty chemicals company’s stock after selling 706 shares during the quarter. Willingdon Wealth Management’s holdings in Sherwin-Williams were worth $1,830,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of SHW. Janus Henderson Group PLC increased its position in Sherwin-Williams by 27.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after acquiring an additional 288,492 shares in the last quarter. Principal Financial Group Inc. increased its position in Sherwin-Williams by 30.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares in the last quarter. Atlantic Trust Group LLC acquired a new stake in Sherwin-Williams in the 3rd quarter valued at about $87,798,000. Koch Industries Inc. acquired a new stake in Sherwin-Williams in the 2nd quarter valued at about $235,000. Finally, Milestone Resources Group Ltd acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $73,042,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.
Sherwin-Williams Co (NYSE SHW) opened at $402.39 on Tuesday. The stock has a market cap of $37,298.96, a P/E ratio of 27.53, a P/E/G ratio of 1.80 and a beta of 1.18. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.12. Sherwin-Williams Co has a 1-year low of $305.70 and a 1-year high of $435.15.
In other Sherwin-Williams news, insider Robert J. Davisson sold 8,800 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total value of $3,432,616.00. Following the transaction, the insider now owns 14,812 shares of the company’s stock, valued at $5,777,716.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert J. Wells sold 2,946 shares of Sherwin-Williams stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the completion of the transaction, the senior vice president now directly owns 18,363 shares in the company, valued at approximately $7,512,486.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,122 shares of company stock valued at $5,969,846. Corporate insiders own 1.69% of the company’s stock.
Several equities research analysts have recently commented on the stock. Credit Suisse Group reiterated a “hold” rating and set a $473.00 price target on shares of Sherwin-Williams in a research report on Wednesday, January 24th. Citigroup lifted their price target on shares of Sherwin-Williams to $486.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Robert W. Baird reiterated a “buy” rating and set a $475.00 price target on shares of Sherwin-Williams in a research report on Wednesday, January 10th. Bank of America lifted their price target on shares of Sherwin-Williams from $435.00 to $470.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Barclays reiterated a “hold” rating on shares of Sherwin-Williams in a research report on Sunday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $433.74.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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