Northern Financial Advisors Inc Raises Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Northern Financial Advisors Inc grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,206 shares of the specialty chemicals company’s stock after purchasing an additional 322 shares during the period. Northern Financial Advisors Inc’s holdings in Sherwin-Williams were worth $750,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SHW. Exchange Traded Concepts LLC increased its position in shares of Sherwin-Williams by 135.6% in the 3rd 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 period. Creative Planning boosted its position in Sherwin-Williams by 11.6% in the third quarter. Creative Planning now owns 45,997 shares of the specialty chemicals company’s stock valued at $17,556,000 after buying an additional 4,770 shares during the last quarter. PFG Advisors lifted its stake in Sherwin-Williams by 0.6% during the 3rd quarter. PFG Advisors now owns 5,822 shares of the specialty chemicals company’s stock valued at $2,222,000 after acquiring an additional 32 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter valued at approximately $696,000. Finally, Tamar Securities LLC boosted its holdings in shares of Sherwin-Williams by 3.4% in the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after acquiring an additional 1,604 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.7 %

SHW stock opened at $361.42 on Friday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The business’s 50-day moving average is $353.99 and its 200 day moving average is $365.12. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The stock has a market cap of $91.02 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 3.15 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period last year, the firm earned $1.81 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on SHW. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Evercore ISI raised their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays lifted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $400.00.

Sherwin-Williams Company 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.