PrairieView Partners LLC Reduces Position in The Sherwin-Williams Company (NYSE:SHW)

PrairieView Partners LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 3.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,346 shares of the specialty chemicals company’s stock after selling 83 shares during the period. PrairieView Partners LLC’s holdings in Sherwin-Williams were worth $797,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services bought a new position in shares of Sherwin-Williams during 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. raised its stake in shares of Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Sherwin-Williams during the 3rd quarter valued at approximately $38,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $355.38 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The stock has a market cap of $89.50 billion, a P/E ratio of 33.69, a PEG ratio of 3.15 and a beta of 1.22. The company has a 50-day moving average price of $354.72 and a 200 day moving average price of $365.19. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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 last year, the firm earned $1.81 earnings per share. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams 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 transaction, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’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 transaction of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This trade represents 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.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Citigroup lowered their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird increased their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have given 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 has a consensus rating of “Moderate Buy” and an average price target of $400.00.

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.