Whittier Trust Co. Grows Stake in The Sherwin-Williams Company $SHW

Whittier Trust Co. lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,566 shares of the specialty chemicals company’s stock after purchasing an additional 622 shares during the period. Whittier Trust Co.’s holdings in Sherwin-Williams were worth $15,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Moors & Cabot Inc. increased its stake in shares of Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after purchasing an additional 39 shares in the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after purchasing an additional 38,228 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Sherwin-Williams during the first quarter worth about $515,000. Moody Lynn & Lieberson LLC grew its stake in Sherwin-Williams by 138.0% during 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 acquiring an additional 11,828 shares in the last quarter. Finally, Lindenwold Advisors INC purchased a new stake in Sherwin-Williams during the 2nd quarter valued at about $1,303,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $330.72 on Tuesday. The firm’s 50 day moving average price is $352.74 and its 200-day moving average price is $347.94. 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 Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm has a market cap of $82.46 billion, a P/E ratio of 32.81, a P/E/G ratio of 3.10 and a beta of 1.20.

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

Insider Activity at Sherwin-Williams

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SHW shares. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. decreased their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Bank of America decreased their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Wells Fargo & Company set a $395.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, UBS Group reiterated a “buy” rating and issued a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $387.13.

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.