Bryn Mawr Capital Management LLC cut its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 56.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,753 shares of the specialty chemicals company's stock after selling 6,116 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Sherwin-Williams were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Voleon Capital Management LP acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at about $2,011,000. Kingswood Wealth Advisors LLC lifted its position in Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after purchasing an additional 201 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Sherwin-Williams in the 1st quarter valued at about $306,000. Wealthcare Advisory Partners LLC lifted its position in Sherwin-Williams by 18.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after purchasing an additional 137 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in Sherwin-Williams by 2.7% in the 4th quarter. Horizon Investments LLC now owns 6,031 shares of the specialty chemicals company's stock valued at $2,050,000 after purchasing an additional 161 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on SHW shares. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research report on Tuesday, April 15th. Bank of America boosted their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. Morgan Stanley dropped their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Barclays dropped their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $391.94.
Get Our Latest Stock Report on SHW
Sherwin-Williams Trading Up 0.2%
Shares of Sherwin-Williams stock traded up $0.80 during trading on Wednesday, hitting $339.85. The stock had a trading volume of 1,273,043 shares, compared to its average volume of 1,712,034. The stock has a 50 day simple moving average of $350.55 and a 200 day simple moving average of $347.98. The company has a market capitalization of $85.17 billion, a PE ratio of 32.12, a P/E/G ratio of 3.10 and a beta of 1.18. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the firm posted $2.17 earnings per share. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.
About Sherwin-Williams
(
Free Report)
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.
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