Beacon Investment Advisory Services Inc. Purchases 191 Shares of The Sherwin-Williams Company (NYSE:SHW)

Beacon Investment Advisory Services Inc. grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,461 shares of the specialty chemicals company’s stock after purchasing an additional 191 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Sherwin-Williams were worth $24,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of SHW. XTX Topco Ltd acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth about $278,000. Gabelli Funds LLC increased its holdings in shares of Sherwin-Williams by 1.3% during the second quarter. Gabelli Funds LLC now owns 15,425 shares of the specialty chemicals company’s stock worth $4,603,000 after buying an additional 200 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Sherwin-Williams by 84.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,880 shares of the specialty chemicals company’s stock worth $2,352,000 after buying an additional 3,619 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Sherwin-Williams by 18.3% in the 2nd quarter. Marshall Wace LLP now owns 321,908 shares of the specialty chemicals company’s stock valued at $96,067,000 after buying an additional 49,842 shares during the period. Finally, Semmax Financial Advisors Inc. raised its position in shares of Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on SHW shares. Morgan Stanley boosted their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, Robert W. Baird raised their price objective 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 analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $402.25.

Sherwin-Williams Price Performance

SHW stock opened at $357.44 on Thursday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a market capitalization of $90.02 billion, a P/E ratio of 35.60, a PEG ratio of 2.79 and a beta of 1.22. The company has a fifty day moving average price of $362.14 and a 200-day moving average price of $361.13.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $3.20 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Insider Activity at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction that occurred 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 sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams 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 completion of the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams 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.