The Sherwin-Williams Company (NYSE:SHW) is Brendel Financial Advisors LLC’s Largest Position

Brendel Financial Advisors LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,533 shares of the specialty chemicals company’s stock after selling 841 shares during the quarter. Sherwin-Williams accounts for about 8.7% of Brendel Financial Advisors LLC’s holdings, making the stock its biggest holding. Brendel Financial Advisors LLC’s holdings in Sherwin-Williams were worth $14,458,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. lifted its position in shares of Sherwin-Williams by 16.7% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 931 shares of the specialty chemicals company’s stock worth $278,000 after purchasing an additional 133 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $319,000. Dimensional Fund Advisors LP lifted its position in shares of Sherwin-Williams by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,316,857 shares of the specialty chemicals company’s stock worth $392,986,000 after purchasing an additional 155,779 shares during the period. One Capital Management LLC lifted its position in shares of Sherwin-Williams by 4.8% in the 2nd quarter. One Capital Management LLC now owns 3,379 shares of the specialty chemicals company’s stock worth $1,008,000 after purchasing an additional 155 shares during the period. Finally, Citizens Financial Group Inc. RI increased its stake in shares of Sherwin-Williams by 12.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 4,105 shares of the specialty chemicals company’s stock worth $1,225,000 after acquiring an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $341.65 on Wednesday. The company has a 50 day moving average price of $365.83 and a 200-day moving average price of $359.11. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm has a market capitalization of $86.05 billion, a PE ratio of 34.03, a P/E/G ratio of 2.94 and a beta of 1.22. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 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 the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm earned $3.20 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SHW. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho decreased their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company increased their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley increased their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $402.25.

Read Our Latest Analysis on SHW

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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