Burney Co. Purchases 766 Shares of The Sherwin-Williams Company (NYSE:SHW)

Burney Co. grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,272 shares of the specialty chemicals company’s stock after acquiring an additional 766 shares during the quarter. Burney Co.’s holdings in Sherwin-Williams were worth $5,871,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV grew its stake in shares of Sherwin-Williams by 13.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after buying an additional 209 shares in the last quarter. Tamar Securities LLC grew its position in Sherwin-Williams by 3.4% in the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock worth $18,608,000 after acquiring an additional 1,604 shares in the last quarter. Swedbank AB increased its stake in Sherwin-Williams by 4.2% during the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock worth $44,676,000 after acquiring an additional 4,681 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Sherwin-Williams during the third quarter valued at approximately $6,424,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Sherwin-Williams by 4.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after purchasing an additional 4,074 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $349.39 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock’s fifty day moving average price is $365.83 and its 200-day moving average price is $359.11. The firm has a market cap of $87.99 billion, a P/E ratio of 34.80, a P/E/G ratio of 2.94 and a beta of 1.22. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the business posted $3.20 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company raised their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Mizuho decreased their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $402.25.

Sherwin-Williams 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.