Nvest Financial LLC Grows Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Nvest Financial LLC grew its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 27.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,803 shares of the specialty chemicals company’s stock after purchasing an additional 1,039 shares during the period. Nvest Financial LLC’s holdings in Sherwin-Williams were worth $1,633,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP lifted its holdings in Sherwin-Williams by 436.9% in the 2nd quarter. Quarry LP now owns 451 shares of the specialty chemicals company’s stock worth $135,000 after buying an additional 367 shares in the last quarter. Regal Investment Advisors LLC increased its position in shares of Sherwin-Williams by 5.0% during the second quarter. Regal Investment Advisors LLC now owns 2,714 shares of the specialty chemicals company’s stock worth $810,000 after acquiring an additional 130 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 4.5% in the second quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company’s stock worth $1,163,000 after acquiring an additional 166 shares in the last quarter. Truist Financial Corp boosted its holdings in Sherwin-Williams by 0.9% in the second quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company’s stock valued at $15,579,000 after purchasing an additional 446 shares during the last quarter. Finally, Advisory Alpha LLC grew its stake in Sherwin-Williams by 0.6% during the 2nd quarter. Advisory Alpha LLC now owns 5,585 shares of the specialty chemicals company’s stock valued at $1,667,000 after purchasing an additional 36 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 0.1 %

SHW stock opened at $364.40 on Wednesday. The stock has a market cap of $91.77 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22. The firm’s 50-day simple moving average is $360.82 and its 200 day simple moving average is $363.06. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Mizuho reduced their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Evercore ISI raised their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Wells Fargo & Company lifted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the company from $321.00 to $420.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $400.65.

Insider Buying and Selling at Sherwin-Williams

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

About Sherwin-Williams

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.