624 Shares in The Sherwin-Williams Company $SHW Bought by Cidel Asset Management Inc.

Cidel Asset Management Inc. bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 624 shares of the specialty chemicals company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Sherwin-Williams by 1.1% in the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company’s stock valued at $7,711,004,000 after buying an additional 245,896 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after buying an additional 1,505,341 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Sherwin-Williams by 2.2% in the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock valued at $1,539,652,000 after buying an additional 93,209 shares during the last quarter. PineStone Asset Management Inc. lifted its stake in Sherwin-Williams by 12.0% in the second quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company’s stock valued at $577,222,000 after buying an additional 180,616 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Sherwin-Williams by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company’s stock valued at $536,495,000 after purchasing an additional 64,325 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SHW. Wells Fargo & Company set a $395.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a report on Friday, October 10th. Citigroup reissued a “neutral” rating and set a $380.00 price target (up from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Mizuho lowered their price target on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. UBS Group reaffirmed a “buy” rating and set a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Finally, Bank of America lowered their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.13.

Sherwin-Williams Trading Down 0.0%

NYSE:SHW opened at $330.72 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The firm has a market capitalization of $82.46 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The stock has a fifty day simple moving average of $352.74 and a 200 day simple moving average of $347.94.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the business earned $3.70 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

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.