Mutual Advisors LLC Has $297,000 Stock Holdings in The Sherwin-Williams Company $SHW

Mutual Advisors LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 873 shares of the specialty chemicals company’s stock after buying an additional 96 shares during the quarter. Mutual Advisors LLC’s holdings in Sherwin-Williams were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SHW. Valley National Advisers Inc. raised its stake in Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares during the period. Synergy Investment Management LLC raised its stake in Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams during the 1st quarter worth approximately $30,000. Saudi Central Bank acquired a new position in Sherwin-Williams during the 1st quarter worth approximately $33,000. Finally, Flaharty Asset Management LLC acquired a new position in Sherwin-Williams during the 1st quarter worth approximately $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

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

Analyst Ratings Changes

Several brokerages have recently commented on SHW. Citigroup reissued a “neutral” rating and issued a $380.00 price objective (up from $375.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. UBS Group reissued a “buy” rating and issued a $400.00 price objective (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Wells Fargo & Company set a $395.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Friday, October 10th. Evercore ISI increased their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Finally, Mizuho lowered their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $387.13.

Sherwin-Williams Stock Performance

SHW stock opened at $330.72 on Tuesday. The firm has a market cap of $82.46 billion, a PE ratio of 32.81, a P/E/G ratio of 3.10 and a beta of 1.20. 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 business has a 50 day moving average of $352.74 and a 200-day moving average of $347.94. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.

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

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.