Catalyst Capital Advisors LLC Increases Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Catalyst Capital Advisors LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 525.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 363 shares of the specialty chemicals company’s stock after purchasing an additional 305 shares during the period. Catalyst Capital Advisors LLC’s holdings in Sherwin-Williams were worth $123,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SHW. FMR LLC lifted its position in shares of Sherwin-Williams by 18.2% in the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the period. International Assets Investment Management LLC lifted its position in shares of Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock worth $277,361,000 after purchasing an additional 724,907 shares during the period. Mizuho Securities USA LLC lifted its position in shares of Sherwin-Williams by 1,717.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after purchasing an additional 308,921 shares during the period. Canoe Financial LP lifted its position in shares of Sherwin-Williams by 542.0% in the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock worth $115,477,000 after purchasing an additional 286,791 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Sherwin-Williams by 47.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company’s stock worth $293,889,000 after acquiring an additional 278,242 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SHW. Evercore ISI raised their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Citigroup lowered their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Barclays raised their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Mizuho lowered their target price 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $400.00.

Sherwin-Williams Trading Down 1.1 %

Shares of Sherwin-Williams stock opened at $352.98 on Wednesday. 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 firm has a fifty day moving average price of $352.57 and a 200 day moving average price of $365.36. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The stock has a market cap of $88.90 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 3.15 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.81 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the sale, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.