Rhumbline Advisers Has $146.46 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Rhumbline Advisers decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 430,849 shares of the specialty chemicals company’s stock after selling 6,743 shares during the period. Rhumbline Advisers’ holdings in Sherwin-Williams were worth $146,458,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in Sherwin-Williams by 18.2% in the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after buying an additional 999,164 shares during the last quarter. Geode Capital Management LLC grew its holdings in Sherwin-Williams by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after buying an additional 58,463 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Sherwin-Williams by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after purchasing an additional 15,843 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Sherwin-Williams by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company’s stock worth $542,711,000 after purchasing an additional 78,075 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Sherwin-Williams by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock worth $399,675,000 after purchasing an additional 10,709 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.2 %

NYSE SHW opened at $356.93 on Friday. The stock has a fifty day moving average of $352.96 and a 200-day moving average of $365.12. The stock has a market capitalization of $89.89 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 3.15 and a beta of 1.22. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last released its earnings results 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 return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the company posted $1.81 earnings per share. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Activity

In related news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams 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 completion of the sale, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction 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 directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Mizuho decreased their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target 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.