The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,996 shares of the specialty chemicals company’s stock after selling 175 shares during the period. Procyon Advisors LLC’s holdings in Sherwin-Williams were worth $1,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in Sherwin-Williams during the 2nd quarter worth $278,000. MQS Management LLC raised its holdings in shares of Sherwin-Williams by 71.7% in the second quarter. MQS Management LLC now owns 1,410 shares of the specialty chemicals company’s stock valued at $421,000 after buying an additional 589 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Sherwin-Williams by 83.2% during the second quarter. Intech Investment Management LLC now owns 22,749 shares of the specialty chemicals company’s stock worth $6,789,000 after buying an additional 10,329 shares during the period. Brighton Jones LLC boosted its stake in shares of Sherwin-Williams by 92.1% during the second quarter. Brighton Jones LLC now owns 1,863 shares of the specialty chemicals company’s stock worth $556,000 after buying an additional 893 shares during the period. Finally, Ieq Capital LLC grew its holdings in shares of Sherwin-Williams by 8.1% during the second quarter. Ieq Capital LLC now owns 10,810 shares of the specialty chemicals company’s stock worth $3,226,000 after buying an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. BMO Capital Markets upped their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Evercore ISI lifted their target price 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $402.25.

Sherwin-Williams Price Performance

SHW stock opened at $353.97 on Friday. The company has a market cap of $89.15 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 2.39 and a beta of 1.22. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The firm has a 50 day moving average of $364.55 and a 200-day moving average of $358.99. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.20 earnings per share. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.32 EPS 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.