Fourpath Capital Management LLC Sells 512 Shares of The Sherwin-Williams Company (NYSE:SHW)

Fourpath Capital Management LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 16,319 shares of the specialty chemicals company’s stock after selling 512 shares during the quarter. Sherwin-Williams accounts for 1.0% of Fourpath Capital Management LLC’s holdings, making the stock its 28th largest position. Fourpath Capital Management LLC’s holdings in Sherwin-Williams were worth $5,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Griffin Asset Management Inc. grew its holdings in Sherwin-Williams by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock valued at $3,548,000 after buying an additional 26 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Sherwin-Williams by 1.8% during 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 period. GHP Investment Advisors Inc. grew its stake in shares of Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 28 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in Sherwin-Williams by 2.4% in the third 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 period. Finally, First Interstate Bank increased its stake in 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 buying an additional 28 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on 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 directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’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 completion of the transaction, the senior vice president now 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 disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Down 0.1 %

Sherwin-Williams stock opened at $357.90 on Tuesday. The business has a fifty day moving average price of $359.64 and a 200-day moving average price of $363.86. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The stock has a market capitalization of $90.14 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the firm earned $1.81 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 12.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on SHW. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Finally, Mizuho cut their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $400.00.

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.