SeaCrest Wealth Management LLC Acquires Shares of 676 Sherwin-Williams Co (SHW)

SeaCrest Wealth Management LLC acquired a new stake in shares of Sherwin-Williams Co (NYSE:SHW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 676 shares of the specialty chemicals company’s stock, valued at approximately $277,000.

Several other institutional investors have also recently modified their holdings of SHW. Janus Henderson Group PLC grew its position in shares of Sherwin-Williams by 27.6% during the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after purchasing an additional 288,492 shares in the last quarter. Principal Financial Group Inc. grew its position in Sherwin-Williams by 30.6% in the third quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock worth $378,558,000 after acquiring an additional 247,553 shares in the last quarter. Atlantic Trust Group LLC purchased a new position in Sherwin-Williams in the third quarter worth about $87,798,000. Koch Industries Inc. purchased a new position in Sherwin-Williams in the second quarter worth about $235,000. Finally, Milestone Resources Group Ltd purchased a new position in Sherwin-Williams in the fourth quarter worth about $73,042,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Sherwin-Williams Co (SHW) opened at $398.86 on Friday. Sherwin-Williams Co has a 12-month low of $305.26 and a 12-month high of $435.15. The stock has a market capitalization of $36,250.67, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.75 and a beta of 1.18. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.12.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the firm earned $2.15 EPS. The firm’s quarterly revenue was up 43.0% on a year-over-year basis. equities research analysts forecast that Sherwin-Williams Co will post 19.1 EPS for the current fiscal year.

In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the transaction, the insider now owns 3,302 shares in the company, valued at $1,285,336.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Davisson sold 8,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total value of $3,432,616.00. Following the transaction, the insider now owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock valued at $5,969,846 in the last 90 days. Company insiders own 1.69% of the company’s stock.

Several research analysts recently commented on SHW shares. KeyCorp reiterated an “overweight” rating and issued a $465.00 price target (up previously from $440.00) on shares of Sherwin-Williams in a research report on Thursday, January 11th. Robert W. Baird reiterated a “buy” rating and issued a $425.00 price target on shares of Sherwin-Williams in a research report on Friday, November 10th. Seaport Global Securities upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price target for the company in a research report on Wednesday, December 27th. Finally, Zelman & Associates upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $433.74.

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Sherwin-Williams Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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