The Sherwin-Williams Company (NYSE:SHW) Stake Lessened by Groesbeck Investment Management Corp NJ

Groesbeck Investment Management Corp NJ lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,915 shares of the specialty chemicals company’s stock after selling 100 shares during the period. Sherwin-Williams comprises about 1.7% of Groesbeck Investment Management Corp NJ’s investment portfolio, making the stock its 18th largest position. Groesbeck Investment Management Corp NJ’s holdings in Sherwin-Williams were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Griffin Asset Management Inc. increased its stake in Sherwin-Williams by 0.3% during the third quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock valued at $3,548,000 after purchasing an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in Sherwin-Williams by 2.4% during the third quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock valued at $458,000 after purchasing an additional 28 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the last quarter. Allworth Financial LP increased its stake in Sherwin-Williams by 1.8% during the third quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock valued at $595,000 after purchasing an additional 28 shares during the last quarter. Finally, First Interstate Bank increased its stake in Sherwin-Williams by 1.9% during the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley lowered 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 note on Tuesday, January 28th. Evercore ISI boosted their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a report on Monday. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Wells Fargo & Company boosted their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 2,565 shares of the company’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 in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. 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 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 value of $6,275,198.40. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $357.72 on Wednesday. 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 company’s 50-day moving average price is $358.81 and its two-hundred day moving average price is $364.09. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The stock has a market cap of $90.09 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the firm posted $1.81 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12.12 EPS for the current fiscal year.

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.