Segment Wealth Management LLC Grows Position in The Sherwin-Williams Company (NYSE:SHW)

Segment Wealth Management LLC grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,453 shares of the specialty chemicals company’s stock after buying an additional 215 shares during the period. Segment Wealth Management LLC’s holdings in Sherwin-Williams were worth $15,111,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in shares of Sherwin-Williams by 18.2% during 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 purchasing an additional 999,164 shares during the period. International Assets Investment Management LLC raised its holdings in Sherwin-Williams by 40,317.4% during the third quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after acquiring an additional 724,907 shares during the period. Mizuho Securities USA LLC raised its holdings in Sherwin-Williams by 1,717.9% during the third quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock valued at $124,769,000 after acquiring an additional 308,921 shares during the period. Canoe Financial LP lifted its position in shares of Sherwin-Williams by 542.0% in the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after acquiring an additional 286,791 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Sherwin-Williams by 18.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock worth $454,917,000 after acquiring an additional 238,031 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $353.97 on Tuesday. The firm has a market capitalization of $89.15 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a 50-day moving average price of $363.89 and a 200-day moving average price of $360.29. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

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

Analysts Set New Price Targets

SHW has been the topic of a number of research analyst reports. Mizuho lowered their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. BMO Capital Markets raised their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $402.25.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were 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 of the company’s stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the business’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 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. 0.60% of the stock is owned by corporate insiders.

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.