PFG Advisors cut its stake in Sherwin-Williams Co (NYSE:SHW) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,592 shares of the specialty chemicals company’s stock after selling 60 shares during the period. PFG Advisors’ holdings in Sherwin-Williams were worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Thor Advisors LLC acquired a new stake in Sherwin-Williams in the 1st quarter worth approximately $25,000. Krane Funds Advisors LLC purchased a new position in Sherwin-Williams during the 2nd quarter worth approximately $25,000. Tortoise Investment Management LLC raised its position in Sherwin-Williams by 235.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 57 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 40 shares during the last quarter. Hexavest Inc. purchased a new position in Sherwin-Williams during the 2nd quarter worth approximately $27,000. Finally, Next Capital Management LLC purchased a new position in Sherwin-Williams during the 2nd quarter worth approximately $27,000. Institutional investors own 76.70% of the company’s stock.
A number of equities analysts have issued reports on SHW shares. Royal Bank of Canada raised their price target on shares of Sherwin-Williams to $550.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wolfe Research started coverage on shares of Sherwin-Williams in a research report on Tuesday, October 8th. They set a “peer perform” rating and a $606.00 price target for the company. Deutsche Bank raised their price target on shares of Sherwin-Williams from $490.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $435.00 to $490.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Citigroup raised their price target on shares of Sherwin-Williams from $525.00 to $631.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $543.85.
Shares of SHW stock traded up $7.27 on Tuesday, hitting $557.62. 12,530 shares of the stock traded hands, compared to its average volume of 448,557. The firm’s 50-day moving average price is $538.65 and its two-hundred day moving average price is $483.20. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.50 and a current ratio of 0.80. The stock has a market capitalization of $50.74 billion, a PE ratio of 30.12, a PEG ratio of 2.16 and a beta of 1.27. Sherwin-Williams Co has a twelve month low of $355.28 and a twelve month high of $564.44.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share for the quarter, beating the consensus estimate of $6.35 by $0.22. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Sherwin-Williams had a net margin of 6.61% and a return on equity of 48.92%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.73 EPS. On average, equities research analysts anticipate that Sherwin-Williams Co will post 21.12 EPS for the current fiscal year.
Sherwin-Williams Company Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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