The Sherwin-Williams Company $SHW Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 99.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,825 shares of the specialty chemicals company’s stock after acquiring an additional 133,326 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.11% of Sherwin-Williams worth $92,513,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Moors & Cabot Inc. lifted its holdings in shares of Sherwin-Williams by 0.4% in the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after buying an additional 39 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in shares of Sherwin-Williams by 95.8% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock valued at $26,832,000 after buying an additional 38,228 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $515,000. Moody Lynn & Lieberson LLC lifted its holdings in shares of Sherwin-Williams by 138.0% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after buying an additional 11,828 shares during the period. Finally, Lindenwold Advisors INC acquired a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $1,303,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on SHW shares. Loop Capital reduced their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. Citigroup reaffirmed 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. Bank of America dropped their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Mizuho dropped 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 analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $387.13.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $330.72 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The stock has a fifty day moving average of $352.74 and a two-hundred day moving average of $347.94. The company has a market capitalization of $82.46 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 3.10 and a beta of 1.20. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42.

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 the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $3.70 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

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

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.