Legacy Wealth Asset Management LLC Sells 37 Shares of The Sherwin-Williams Company (NYSE:SHW)

Legacy Wealth Asset Management LLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,805 shares of the specialty chemicals company’s stock after selling 37 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Sherwin-Williams were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of Sherwin-Williams in the second quarter valued at $278,000. MQS Management LLC grew its stake in Sherwin-Williams by 71.7% in the 2nd quarter. MQS Management LLC now owns 1,410 shares of the specialty chemicals company’s stock valued at $421,000 after buying an additional 589 shares during the last quarter. Intech Investment Management LLC raised its holdings 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 acquiring an additional 10,329 shares during the period. Brighton Jones LLC lifted its position in Sherwin-Williams by 92.1% during the second quarter. Brighton Jones LLC now owns 1,863 shares of the specialty chemicals company’s stock worth $556,000 after acquiring an additional 893 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of Sherwin-Williams by 8.1% during 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 during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Activity at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the 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 transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were 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 owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their target price on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Citigroup reduced their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Barclays raised their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Finally, Morgan Stanley lifted their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $402.25.

Sherwin-Williams Price Performance

Shares of SHW opened at $353.97 on Friday. The business has a 50-day moving average of $364.55 and a 200-day moving average of $358.99. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a market capitalization of $89.15 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

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

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.