Groesbeck Investment Management Corp NJ Sells 100 Shares of The Sherwin-Williams Company (NYSE:SHW)

Groesbeck Investment Management Corp NJ decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,915 shares of the specialty chemicals company’s stock after selling 100 shares during the quarter. Sherwin-Williams accounts for about 1.7% of Groesbeck Investment Management Corp NJ’s investment portfolio, making the stock its 18th biggest holding. Groesbeck Investment Management Corp NJ’s holdings in Sherwin-Williams were worth $1,331,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SHW. Stratos Wealth Advisors LLC boosted its position in Sherwin-Williams by 32.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 2,861 shares of the specialty chemicals company’s stock worth $973,000 after purchasing an additional 708 shares during the period. E. Ohman J or Asset Management AB boosted its position in Sherwin-Williams by 9.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 10,850 shares of the specialty chemicals company’s stock worth $3,688,000 after purchasing an additional 950 shares during the period. Welch Group LLC boosted its position in Sherwin-Williams by 2.5% during the fourth quarter. Welch Group LLC now owns 20,854 shares of the specialty chemicals company’s stock worth $7,064,000 after purchasing an additional 501 shares during the period. Robbins Farley boosted its position in Sherwin-Williams by 0.6% during the fourth quarter. Robbins Farley now owns 10,100 shares of the specialty chemicals company’s stock worth $3,433,000 after purchasing an additional 56 shares during the period. Finally, Calamos Wealth Management LLC boosted its position in Sherwin-Williams by 9.9% during the fourth quarter. Calamos Wealth Management LLC now owns 43,098 shares of the specialty chemicals company’s stock worth $14,650,000 after purchasing an additional 3,867 shares during the period. Institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

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

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent analyst reports. Citigroup decreased their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada decreased their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Finally, Robert W. Baird increased their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $357.72 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 stock has a fifty day moving average price of $358.81 and a two-hundred day moving average price of $364.09. 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 $90.09 billion, a P/E ratio of 33.91, a P/E/G ratio of 2.86 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the firm earned $1.81 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12.12 EPS for the current fiscal year.

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.