Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Stock Position in Sherwin-Williams Co (NYSE:SHW)

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Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in Sherwin-Williams Co (NYSE:SHW) by 17.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 380 shares of the specialty chemicals company’s stock after selling 80 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Sherwin-Williams were worth $222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin Edwards Inc. raised its holdings in shares of Sherwin-Williams by 6.9% in the third quarter. Benjamin Edwards Inc. now owns 279 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 18 shares during the last quarter. Goelzer Investment Management Inc. raised its holdings in shares of Sherwin-Williams by 3.1% in the third quarter. Goelzer Investment Management Inc. now owns 639 shares of the specialty chemicals company’s stock worth $351,000 after buying an additional 19 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Sherwin-Williams by 4.5% in the third quarter. Cetera Investment Advisers now owns 465 shares of the specialty chemicals company’s stock worth $253,000 after buying an additional 20 shares during the last quarter. Lenox Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 55.3% in the third quarter. Lenox Wealth Advisors LLC now owns 59 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 21 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of Sherwin-Williams by 25.0% in the third quarter. Penserra Capital Management LLC now owns 110 shares of the specialty chemicals company’s stock worth $60,000 after buying an additional 22 shares during the last quarter. 76.82% of the stock is owned by hedge funds and other institutional investors.

SHW stock opened at $596.54 on Friday. The firm has a market cap of $54.73 billion, a PE ratio of 40.09, a P/E/G ratio of 2.06 and a beta of 1.25. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.63 and a current ratio of 1.01. The firm’s fifty day moving average is $577.92 and its 200 day moving average is $547.68. Sherwin-Williams Co has a one year low of $388.43 and a one year high of $598.24.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $6.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.46 by $0.19. The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.83 billion. Sherwin-Williams had a net margin of 7.81% and a return on equity of 50.96%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $5.68 earnings per share. Research analysts predict that Sherwin-Williams Co will post 21.22 earnings per share for the current fiscal year.

A number of research firms have issued reports on SHW. Zacks Investment Research raised shares of Sherwin-Williams from a “sell” rating to a “hold” rating and set a $589.00 price target for the company in a report on Monday, October 21st. UBS Group increased their price objective on shares of Sherwin-Williams from $555.00 to $570.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Sherwin-Williams from $600.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Co increased their price objective on shares of Sherwin-Williams from $565.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Wolfe Research initiated coverage on shares of Sherwin-Williams in a research note on Tuesday, October 8th. They issued a “peer perform” rating and a $606.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $583.71.

In other Sherwin-Williams news, insider Aaron M. Erter sold 3,280 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $580.62, for a total transaction of $1,904,433.60. Following the transaction, the insider now directly owns 6,786 shares of the company’s stock, valued at $3,940,087.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John G. Morikis sold 14,734 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $576.92, for a total transaction of $8,500,339.28. Following the transaction, the chief executive officer now directly owns 111,120 shares in the company, valued at $64,107,350.40. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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

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