GAM Holding AG Buys New Shares in The Sherwin-Williams Company (NYSE:SHW)

GAM Holding AG bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 4th quarter, HoldingsChannel.com reports. The fund bought 3,050 shares of the specialty chemicals company’s stock, valued at approximately $1,037,000.

Several other hedge funds have also recently made changes to their positions in SHW. FMR LLC increased its position in shares of Sherwin-Williams by 18.2% in the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after acquiring an additional 999,164 shares during the period. International Assets Investment Management LLC grew its position in Sherwin-Williams by 40,317.4% during the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock worth $277,361,000 after purchasing an additional 724,907 shares during the period. Mizuho Securities USA LLC grew its position 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 purchasing an additional 308,921 shares during the period. Canoe Financial LP grew its position in Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after purchasing an additional 286,791 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Sherwin-Williams by 47.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock worth $293,889,000 after purchasing an additional 278,242 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SHW shares. Barclays increased their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Royal Bank of Canada cut their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Robert W. Baird increased their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $400.00.

Sherwin-Williams Trading Down 1.1 %

Shares of Sherwin-Williams stock opened at $352.98 on Wednesday. The firm has a market capitalization of $88.90 billion, a PE ratio of 33.46, a P/E/G ratio of 3.15 and a beta of 1.22. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm’s 50-day moving average price is $352.19 and its 200 day moving average price is $365.40. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

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, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the firm posted $1.81 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated 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 owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

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.