New England Research & Management Inc. Has $1.11 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

New England Research & Management Inc. decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 27.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,260 shares of the specialty chemicals company’s stock after selling 1,250 shares during the period. New England Research & Management Inc.’s holdings in Sherwin-Williams were worth $1,108,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on SHW. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Morgan Stanley lowered their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.65.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now directly 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 ownership of the stock. 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 Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the sale, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $360.43 on Thursday. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The firm has a market cap of $90.77 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 2.78 and a beta of 1.22. The stock’s fifty day moving average price is $360.82 and its two-hundred day moving average price is $363.06. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

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.