Cyndeo Wealth Partners LLC Grows Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Cyndeo Wealth Partners LLC increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,837 shares of the specialty chemicals company’s stock after buying an additional 483 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Sherwin-Williams were worth $3,684,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cottonwood Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at $227,000. LexAurum Advisors LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $15,828,000. Brighton Jones LLC raised its stake in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares in the last quarter. Veracity Capital LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth about $212,000. Finally, Secure Asset Management LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at about $306,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

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

Sherwin-Williams Stock Down 0.3 %

SHW opened at $360.06 on Friday. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm has a market cap of $90.68 billion, a P/E ratio of 35.86, a PEG ratio of 2.78 and a beta of 1.22. The business’s fifty day simple moving average is $361.22 and its 200 day simple moving average is $361.55. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Robert W. Baird lifted their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Evercore ISI increased their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $403.29.

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.