Elevate Capital Advisors LLC Acquires New Position in The Sherwin-Williams Company (NYSE:SHW)

Elevate Capital Advisors LLC acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,303 shares of the specialty chemicals company’s stock, valued at approximately $1,463,000.

A number of other institutional investors also recently bought and sold shares of SHW. Angeles Wealth Management LLC raised its position in shares of Sherwin-Williams by 0.4% during the 4th quarter. Angeles Wealth Management LLC now owns 12,178 shares of the specialty chemicals company’s stock valued at $4,140,000 after buying an additional 47 shares during the period. Stiles Financial Services Inc raised its position in Sherwin-Williams by 2.2% in the fourth quarter. Stiles Financial Services Inc now owns 5,574 shares of the specialty chemicals company’s stock valued at $1,897,000 after purchasing an additional 122 shares during the period. 17 Capital Partners LLC lifted its stake in shares of Sherwin-Williams by 1.4% in the 4th quarter. 17 Capital Partners LLC now owns 3,500 shares of the specialty chemicals company’s stock valued at $1,190,000 after purchasing an additional 48 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of Sherwin-Williams by 22.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 10,355 shares of the specialty chemicals company’s stock worth $3,520,000 after purchasing an additional 1,864 shares during the period. Finally, Empowered Funds LLC boosted its stake in Sherwin-Williams by 7.1% during the fourth quarter. Empowered Funds LLC now owns 5,610 shares of the specialty chemicals company’s stock worth $1,907,000 after buying an additional 371 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price objective 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. Mizuho lowered their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, Citigroup lowered their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have 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 $400.00.

Sherwin-Williams Trading Down 1.2 %

SHW opened at $360.74 on Monday. 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 one year low of $282.09 and a one year high of $400.42. The company has a market cap of $90.85 billion, a P/E ratio of 34.19, a PEG ratio of 3.15 and a beta of 1.22. The business’s 50-day simple moving average is $356.13 and its 200-day simple moving average is $364.75.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $1.81 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred 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 transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was 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 owned by corporate insiders.

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.