Laurel Grove Capital LLC decreased its holdings in Sherwin-Williams Co (NYSE:SHW) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,015 shares of the specialty chemicals company’s stock after selling 810 shares during the period. Sherwin-Williams comprises approximately 2.1% of Laurel Grove Capital LLC’s portfolio, making the stock its 18th largest position. Laurel Grove Capital LLC’s holdings in Sherwin-Williams were worth $4,107,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth $100,000. Spectrum Management Group Inc. purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth $162,000. Salem Investment Counselors Inc. purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth $176,000. Montag A & Associates Inc. purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth $202,000. Finally, ZWJ Investment Counsel Inc. purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth $204,000. Institutional investors and hedge funds own 75.85% of the company’s stock.
In related news, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the completion of the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Robert J. Wells sold 2,946 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the completion of the sale, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at $7,512,486.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is owned by corporate insiders.
Shares of Sherwin-Williams Co (SHW) opened at $427.18 on Tuesday. Sherwin-Williams Co has a 1 year low of $280.14 and a 1 year high of $435.15. The firm has a market cap of $40,285.79, a price-to-earnings ratio of 37.57, a P/E/G ratio of 1.97 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the previous year, the company earned $4.23 earnings per share. Sherwin-Williams’s quarterly revenue was up 37.4% compared to the same quarter last year. equities analysts predict that Sherwin-Williams Co will post 15.02 EPS for the current year.
Several research firms have recently issued reports on SHW. Robert W. Baird reaffirmed a “buy” rating and set a $475.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, January 10th. Zacks Investment Research cut shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Northcoast Research reaffirmed a “buy” rating and set a $435.00 price objective (up from $375.00) on shares of Sherwin-Williams in a research report on Friday, October 6th. KeyCorp reaffirmed an “overweight” rating and set a $465.00 price objective (up from $440.00) on shares of Sherwin-Williams in a research report on Thursday, January 11th. Finally, Jefferies Group lifted their price objective on shares of Sherwin-Williams from $364.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $417.39.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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