Diamond Hill Capital Management Inc. Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

Diamond Hill Capital Management Inc. trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 817,652 shares of the specialty chemicals company’s stock after selling 8,768 shares during the period. Diamond Hill Capital Management Inc. owned 0.32% of Sherwin-Williams worth $167,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Roundview Capital LLC lifted its holdings in shares of Sherwin-Williams by 8.1% in the 1st quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock valued at $2,013,000 after purchasing an additional 607 shares during the last quarter. Cibc World Market Inc. lifted its holdings in shares of Sherwin-Williams by 189.1% in the 1st quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock valued at $2,598,000 after purchasing an additional 6,808 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Sherwin-Williams by 26.5% in the 1st quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock valued at $29,956,000 after purchasing an additional 24,884 shares during the last quarter. Prudential PLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $1,231,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Sherwin-Williams by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock valued at $2,842,000 after purchasing an additional 287 shares during the last quarter. 76.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHW has been the subject of several research reports. Bank of America reduced their target price on Sherwin-Williams from $280.00 to $257.00 in a report on Tuesday, October 11th. Citigroup reduced their price objective on Sherwin-Williams from $270.00 to $251.00 and set a “neutral” rating for the company in a research note on Friday, January 27th. Wells Fargo & Company reduced their price objective on Sherwin-Williams from $230.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, January 9th. Zelman & Associates cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. Finally, Evercore ISI lowered their price objective on shares of Sherwin-Williams to $240.00 in a research note on Thursday, October 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $254.53.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $2.37 during trading hours on Thursday, hitting $245.59. The stock had a trading volume of 338,712 shares, compared to its average volume of 1,684,710. The company has a 50-day moving average of $243.54 and a two-hundred day moving average of $234.51. The company has a quick ratio of 0.55, a current ratio of 0.99 and a debt-to-equity ratio of 3.09. The company has a market cap of $63.64 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 2.60 and a beta of 1.07. The Sherwin-Williams Company has a fifty-two week low of $195.24 and a fifty-two week high of $294.08.

Sherwin-Williams (NYSE:SHW – Get Rating) last issued its earnings results on Thursday, January 26th. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.05. Sherwin-Williams had a return on equity of 90.04% and a net margin of 9.12%. The business had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the firm posted $1.34 EPS. Sherwin-Williams’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 8.84 EPS for the current fiscal year.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CEO John G. Morikis purchased 2,207 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was purchased at an average cost of $226.70 per share, with a total value of $500,326.90. Following the acquisition, the chief executive officer now directly owns 231,344 shares of the company’s stock, valued at approximately $52,445,684.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by insiders.

Sherwin-Williams Company Profile

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The Sherwin-Williams Co engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.