Diversify Wealth Management LLC Purchases 399 Shares of The Sherwin-Williams Company (NYSE:SHW)

Diversify Wealth Management LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 28.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,804 shares of the specialty chemicals company’s stock after acquiring an additional 399 shares during the period. Diversify Wealth Management LLC’s holdings in Sherwin-Williams were worth $596,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird raised their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Evercore ISI lifted 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. Finally, UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $402.25.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the firm’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 owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Up 2.1 %

Shares of SHW stock opened at $361.33 on Wednesday. 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 stock has a market cap of $91.00 billion, a P/E ratio of 35.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. The stock has a 50 day simple moving average of $363.19 and a 200 day simple moving average of $360.69. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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). The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $3.20 earnings per share. On average, research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share 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.