Diversify Advisory Services LLC Trims Position in The Sherwin-Williams Company (NYSE:SHW)

Diversify Advisory Services LLC cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 38.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 721 shares of the specialty chemicals company’s stock after selling 451 shares during the period. Diversify Advisory Services LLC’s holdings in Sherwin-Williams were worth $238,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Diversify Wealth Management LLC grew its holdings in Sherwin-Williams by 28.4% in the fourth quarter. Diversify Wealth Management LLC now owns 1,804 shares of the specialty chemicals company’s stock valued at $596,000 after purchasing an additional 399 shares during the period. City Holding Co. raised its position in shares of Sherwin-Williams by 2.8% in the 4th quarter. City Holding Co. now owns 1,883 shares of the specialty chemicals company’s stock worth $640,000 after buying an additional 52 shares during the period. Clarius Group LLC boosted its holdings in Sherwin-Williams by 14.2% in the fourth quarter. Clarius Group LLC now owns 1,939 shares of the specialty chemicals company’s stock valued at $659,000 after acquiring an additional 241 shares during the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in shares of Sherwin-Williams by 4.3% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 3,854 shares of the specialty chemicals company’s stock worth $1,317,000 after purchasing an additional 159 shares during the period. Finally, Ameritas Advisory Services LLC increased its position in Sherwin-Williams by 700.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 13,943 shares of the specialty chemicals company’s stock worth $4,740,000 after purchasing an additional 12,201 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.0 %

Shares of NYSE:SHW opened at $361.28 on Friday. The stock has a market capitalization of $90.99 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 2.79 and a beta of 1.22. The Sherwin-Williams Company has a 1-year low of $282.09 and a 1-year high of $400.42. The company has a 50 day moving average price of $362.14 and a 200 day moving average price of $361.13. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

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

Insiders Place Their Bets

In other Sherwin-Williams 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 position. The sale was disclosed in a document filed 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 sale, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SHW shares. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Citigroup lowered their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Morgan Stanley boosted their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.25.

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.