Wealth Management Partners LLC Sells 190 Shares of The Sherwin-Williams Company (NYSE:SHW)

Wealth Management Partners LLC decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,636 shares of the specialty chemicals company’s stock after selling 190 shares during the quarter. Wealth Management Partners LLC’s holdings in Sherwin-Williams were worth $556,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SHW. Valued Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 32 shares during the period. First Personal Financial Services purchased a new position in Sherwin-Williams during the 3rd quarter valued at $29,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams in the 3rd quarter valued at $32,000. GHP Investment Advisors Inc. increased its stake in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 28 shares during the period. Finally, True Wealth Design LLC lifted its position in shares of Sherwin-Williams by 1,000.0% during the third quarter. True Wealth Design LLC now owns 99 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on SHW. Robert W. Baird raised their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Citigroup dropped their price objective on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Mizuho dropped their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $402.25.

Sherwin-Williams Trading Down 0.1 %

NYSE SHW opened at $353.97 on Monday. The stock has a market cap of $89.15 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.39 and a beta of 1.22. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a fifty day simple moving average of $363.89 and a two-hundred day simple moving average of $359.85.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the firm posted $3.20 EPS. The business’s revenue was up .7% compared to the same quarter last year. On average, analysts forecast 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.