Tectonic Advisors LLC Purchases 48 Shares of The Sherwin-Williams Company (NYSE:SHW)

Tectonic Advisors LLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,759 shares of the specialty chemicals company’s stock after buying an additional 48 shares during the quarter. Tectonic Advisors LLC’s holdings in Sherwin-Williams were worth $598,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Valued Wealth Advisors LLC raised its position in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services acquired a new position in shares of Sherwin-Williams in the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. boosted its stake in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 28 shares in the last quarter. Finally, True Wealth Design LLC grew its position in Sherwin-Williams by 1,000.0% in the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.9 %

NYSE:SHW opened at $364.41 on Thursday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The business’s 50-day simple moving average is $358.05 and its 200-day simple moving average is $364.34. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock has a market capitalization of $91.78 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the company earned $1.81 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on SHW shares. Mizuho cut their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Citigroup reduced their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Finally, Barclays boosted their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $400.00.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction on 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now 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 disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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.