Hennion & Walsh Asset Management Inc. Acquires Shares of 2,517 The Sherwin-Williams Company (NYSE:SHW)

Hennion & Walsh Asset Management Inc. acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,517 shares of the specialty chemicals company’s stock, valued at approximately $856,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in shares of Sherwin-Williams during the second quarter worth $278,000. Intech Investment Management LLC boosted its position in Sherwin-Williams by 83.2% in the 2nd quarter. Intech Investment Management LLC now owns 22,749 shares of the specialty chemicals company’s stock valued at $6,789,000 after buying an additional 10,329 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Sherwin-Williams by 92.1% during the second quarter. Brighton Jones LLC now owns 1,863 shares of the specialty chemicals company’s stock valued at $556,000 after acquiring an additional 893 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Sherwin-Williams by 8.1% in the second quarter. Ieq Capital LLC now owns 10,810 shares of the specialty chemicals company’s stock worth $3,226,000 after acquiring an additional 812 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Sherwin-Williams by 0.8% in the second quarter. AE Wealth Management LLC now owns 7,558 shares of the specialty chemicals company’s stock valued at $2,256,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.1 %

Shares of Sherwin-Williams stock opened at $353.97 on Monday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The business’s fifty day moving average price is $363.89 and its two-hundred day moving average price is $359.85. The company has a market capitalization of $89.15 billion, a P/E ratio of 35.26, a PEG ratio of 2.39 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. Sherwin-Williams’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.20 earnings per share. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Analyst Upgrades and Downgrades

SHW has been the subject of several research analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. BMO Capital Markets raised their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Wells Fargo & Company upped their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, Citigroup reduced their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $402.25.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction dated 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 transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of 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 disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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.