BSW Wealth Partners Purchases 135 Shares of The Sherwin-Williams Company (NYSE:SHW)

BSW Wealth Partners raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,078 shares of the specialty chemicals company’s stock after acquiring an additional 135 shares during the period. BSW Wealth Partners’ holdings in Sherwin-Williams were worth $366,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP raised its stake in shares of Sherwin-Williams by 436.9% in the second quarter. Quarry LP now owns 451 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 367 shares in the last quarter. Regal Investment Advisors LLC raised its stake in shares of Sherwin-Williams by 5.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 2,714 shares of the specialty chemicals company’s stock valued at $810,000 after buying an additional 130 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Sherwin-Williams by 4.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company’s stock worth $1,163,000 after acquiring an additional 166 shares during the period. Truist Financial Corp boosted its position in shares of Sherwin-Williams by 0.9% during the 2nd quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company’s stock valued at $15,579,000 after acquiring an additional 446 shares in the last quarter. Finally, Advisory Alpha LLC increased its stake in Sherwin-Williams by 0.6% in the second quarter. Advisory Alpha LLC now owns 5,585 shares of the specialty chemicals company’s stock valued at $1,667,000 after acquiring an additional 36 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SHW. Evercore ISI upped their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley reduced their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Citigroup cut their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.65.

Insider Activity

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Down 1.0 %

Shares of NYSE SHW opened at $360.43 on Thursday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The firm has a market capitalization of $90.78 billion, a P/E ratio of 35.90, a P/E/G ratio of 2.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The company’s 50 day simple moving average is $360.82 and its 200 day simple moving average is $363.06.

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.