State of Alaska Department of Revenue Sells 1,420 Shares of The Sherwin-Williams Company (NYSE:SHW)

State of Alaska Department of Revenue lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,419 shares of the specialty chemicals company’s stock after selling 1,420 shares during the period. State of Alaska Department of Revenue’s holdings in Sherwin-Williams were worth $8,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SHW. Brookstone Capital Management boosted its position in Sherwin-Williams by 3.6% during the third quarter. Brookstone Capital Management now owns 5,546 shares of the specialty chemicals company’s stock valued at $2,117,000 after purchasing an additional 191 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $249,000. CWM LLC grew its position in shares of Sherwin-Williams by 15.9% in the 3rd quarter. CWM LLC now owns 8,740 shares of the specialty chemicals company’s stock worth $3,336,000 after buying an additional 1,198 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Sherwin-Williams by 5.5% during the 3rd quarter. Wedmont Private Capital now owns 2,597 shares of the specialty chemicals company’s stock worth $955,000 after acquiring an additional 136 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd purchased a new stake in Sherwin-Williams during the third quarter valued at approximately $23,282,000. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the firm’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 transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was 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 directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Up 0.1 %

SHW opened at $364.95 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. 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 fifty day moving average of $357.45 and a two-hundred day moving average of $364.34. The stock has a market capitalization of $91.91 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.86 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the company posted $1.81 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 12.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price target 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 lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Berenberg Bank upgraded shares of 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 report on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

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.