The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Tsfg LLC

Tsfg LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 795 shares of the specialty chemicals company’s stock after purchasing an additional 41 shares during the quarter. Tsfg LLC’s holdings in Sherwin-Williams were worth $303,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Griffin Asset Management Inc. lifted its position in shares of Sherwin-Williams by 0.3% in the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock worth $3,548,000 after buying an additional 26 shares during the last quarter. Conning Inc. grew its holdings in shares of Sherwin-Williams by 1.9% during the second quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after purchasing an additional 30 shares during the last quarter. Oxbow Advisors LLC raised its position in shares of Sherwin-Williams by 4.5% during the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 30 shares during the period. Global X Japan Co. Ltd. lifted its holdings in shares of Sherwin-Williams by 2.2% in the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock worth $419,000 after purchasing an additional 30 shares during the last quarter. Finally, Optas LLC grew its stake in Sherwin-Williams by 1.3% during the 2nd quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock worth $723,000 after buying an additional 32 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $388.55 on Wednesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The company has a market capitalization of $98.02 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17. The stock has a fifty day moving average of $367.81 and a 200-day moving average of $332.74. The Sherwin-Williams Company has a one year low of $232.06 and a one year high of $392.57.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.29 earnings per share. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 11.5 EPS for the current fiscal year.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on SHW. Jefferies Financial Group raised their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. BMO Capital Markets boosted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Barclays raised their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Robert W. Baird boosted their price objective on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company raised their target price on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $373.17.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.