Manning & Napier Advisors LLC Sells 480 Shares of The Sherwin-Williams Company (NYSE:SHW)

Manning & Napier Advisors LLC reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,014 shares of the specialty chemicals company’s stock after selling 480 shares during the period. Manning & Napier Advisors LLC’s holdings in Sherwin-Williams were worth $3,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its stake in Sherwin-Williams by 436.9% during the 2nd quarter. Quarry LP now owns 451 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 367 shares in the last quarter. Regal Investment Advisors LLC increased its position in shares of Sherwin-Williams by 5.0% during the second quarter. Regal Investment Advisors LLC now owns 2,714 shares of the specialty chemicals company’s stock valued at $810,000 after acquiring an additional 130 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Sherwin-Williams by 4.5% in the second quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company’s stock worth $1,163,000 after purchasing an additional 166 shares during the last quarter. Truist Financial Corp grew its position in Sherwin-Williams by 0.9% during the second quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company’s stock valued at $15,579,000 after buying an additional 446 shares during the period. Finally, Advisory Alpha LLC boosted its stake in Sherwin-Williams by 0.6% in the second quarter. Advisory Alpha LLC now owns 5,585 shares of the specialty chemicals company’s stock valued at $1,667,000 after acquiring an additional 36 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams 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 transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent research reports. Citigroup reduced their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Barclays lifted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have given 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $400.65.

Sherwin-Williams Stock Down 1.0 %

SHW opened at $360.43 on Thursday. The company has a market capitalization of $90.77 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22. The firm has a 50-day simple moving average of $360.82 and a two-hundred day simple moving average of $363.06. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

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.