The Sherwin-Williams Company (NYSE:SHW) Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 162.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,089 shares of the specialty chemicals company’s stock after purchasing an additional 1,913 shares during the period. SteelPeak Wealth LLC’s holdings in Sherwin-Williams were worth $1,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHW. FMR LLC increased its stake in Sherwin-Williams by 18.2% in the third 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 last quarter. International Assets Investment Management LLC boosted its holdings in shares of Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after buying an additional 724,907 shares in the last quarter. Mizuho Securities USA LLC raised its stake in Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after acquiring an additional 308,921 shares in the last quarter. Canoe Financial LP lifted its position in 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 during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Sherwin-Williams by 163.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 241,508 shares of the specialty chemicals company’s stock valued at $92,176,000 after acquiring an additional 149,851 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW opened at $360.43 on Thursday. 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. The company has a 50-day simple moving average of $360.82 and a 200-day simple moving average of $363.06. The company has a market capitalization of $90.78 billion, a PE ratio of 35.90, a P/E/G ratio of 2.78 and a beta of 1.22.

Analyst Ratings Changes

Several research firms have recently weighed in on SHW. Barclays boosted their target price on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a 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 company from $321.00 to $420.00 in a report on Friday, January 24th. Wells Fargo & Company lifted their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Mizuho lowered their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $400.65.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was 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 owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was 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 currently owned by corporate insiders.

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.