Wells Trecaso Financial Group LLC Sells 32 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wells Trecaso Financial Group LLC reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,230 shares of the specialty chemicals company’s stock after selling 32 shares during the quarter. Wells Trecaso Financial Group LLC’s holdings in Sherwin-Williams were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Valued Wealth Advisors LLC boosted its position in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the period. First Personal Financial Services bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $29,000. FSA Wealth Management LLC acquired a new position in Sherwin-Williams in the 3rd quarter valued at about $32,000. GHP Investment Advisors Inc. raised its holdings in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Sherwin-Williams during the third quarter worth approximately $38,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHW. Morgan Stanley upped their target price on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Barclays lifted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.25.

Sherwin-Williams Trading Up 1.0 %

Shares of SHW stock opened at $361.28 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a market cap of $90.99 billion, a PE ratio of 35.98, a P/E/G ratio of 2.78 and a beta of 1.22. The stock’s fifty day moving average price is $362.14 and its two-hundred day moving average price is $361.13.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $3.20 earnings per share. Equities analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal 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.