Atomi Financial Group Inc. Has $1.79 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Atomi Financial Group Inc. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,267 shares of the specialty chemicals company’s stock after acquiring an additional 431 shares during the period. Atomi Financial Group Inc.’s holdings in Sherwin-Williams were worth $1,790,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Valued Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams during the third quarter worth $29,000. Semmax Financial Advisors Inc. boosted its position in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the third quarter valued at about $32,000. Finally, GHP Investment Advisors Inc. increased its position in Sherwin-Williams by 47.5% during the third 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 during the period. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SHW shares. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Morgan Stanley raised their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Robert W. Baird upped their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Evercore ISI upped their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $402.25.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $361.33 on Wednesday. The firm has a market cap of $91.00 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm’s fifty day moving average is $363.19 and its 200-day moving average is $360.69. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW) last released 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 net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the firm posted $3.20 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the sale, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

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.