Vision Capital Management Inc. Reduces Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Vision Capital Management Inc. decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,021 shares of the specialty chemicals company’s stock after selling 5,918 shares during the quarter. Sherwin-Williams makes up about 1.6% of Vision Capital Management Inc.’s holdings, making the stock its 16th largest position. Vision Capital Management Inc.’s holdings in Sherwin-Williams were worth $11,225,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC boosted its holdings in Sherwin-Williams by 80.0% during the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after buying an additional 523 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Sherwin-Williams by 13.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock worth $694,000 after buying an additional 209 shares in the last quarter. Tamar Securities LLC boosted its holdings in Sherwin-Williams by 3.4% during the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock worth $18,608,000 after buying an additional 1,604 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Sherwin-Williams by 52.6% during the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after buying an additional 2,303 shares in the last quarter. Finally, Burney Co. lifted its holdings in shares of Sherwin-Williams by 4.6% in the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock valued at $5,871,000 after purchasing an additional 766 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company’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 owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now directly 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 position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Up 1.9 %

NYSE:SHW opened at $364.41 on Thursday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company’s 50 day moving average is $358.05 and its 200-day moving average is $364.34. The firm has a market cap of $91.78 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 2.86 and a beta of 1.22. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 period in the prior year, the firm posted $1.81 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 12.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SHW. Evercore ISI upped their price objective 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 price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Robert W. Baird increased their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley reduced their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

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.