Stephens Inc. AR Sells 300 Shares of The Sherwin-Williams Company (NYSE:SHW)

Stephens Inc. AR cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,898 shares of the specialty chemicals company’s stock after selling 300 shares during the period. Stephens Inc. AR’s holdings in Sherwin-Williams were worth $7,784,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Sherwin-Williams by 15.9% in the 3rd quarter. CWM LLC now owns 8,740 shares of the specialty chemicals company’s stock valued at $3,336,000 after purchasing an additional 1,198 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Sherwin-Williams by 308.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,713 shares of the specialty chemicals company’s stock valued at $653,000 after buying an additional 1,294 shares during the period. Valeo Financial Advisors LLC lifted its position in Sherwin-Williams by 8.8% in the third quarter. Valeo Financial Advisors LLC now owns 2,868 shares of the specialty chemicals company’s stock worth $1,095,000 after buying an additional 232 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Sherwin-Williams by 41.2% during the third quarter. Ritholtz Wealth Management now owns 9,328 shares of the specialty chemicals company’s stock worth $3,560,000 after buying an additional 2,720 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Sherwin-Williams by 135.6% during the third quarter. Exchange Traded Concepts LLC now owns 238 shares of the specialty chemicals company’s stock valued at $91,000 after acquiring an additional 137 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHW has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Citigroup decreased their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Wells Fargo & Company raised their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $400.00.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This 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 available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $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 owned by insiders.

Sherwin-Williams Trading Down 1.2 %

Shares of NYSE:SHW opened at $360.74 on Monday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a market capitalization of $90.85 billion, a P/E ratio of 34.19, a P/E/G ratio of 3.15 and a beta of 1.22. The business’s 50-day moving average is $356.13 and its 200 day moving average is $364.75. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the company posted $1.81 earnings per share. On average, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

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.