Asset Dedication LLC Purchases 526 Shares of The Sherwin-Williams Company (NYSE:SHW)

Asset Dedication LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 23.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,810 shares of the specialty chemicals company’s stock after buying an additional 526 shares during the quarter. Asset Dedication LLC’s holdings in Sherwin-Williams were worth $955,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. SteelPeak Wealth LLC boosted its position in Sherwin-Williams by 162.7% during the 4th quarter. SteelPeak Wealth LLC now owns 3,089 shares of the specialty chemicals company’s stock worth $1,050,000 after buying an additional 1,913 shares during the period. BSW Wealth Partners increased its holdings in Sherwin-Williams by 14.3% in the fourth quarter. BSW Wealth Partners now owns 1,078 shares of the specialty chemicals company’s stock valued at $366,000 after purchasing an additional 135 shares during the period. Bensler LLC raised its position in Sherwin-Williams by 1.9% during the 4th quarter. Bensler LLC now owns 23,258 shares of the specialty chemicals company’s stock worth $7,906,000 after purchasing an additional 427 shares during the last quarter. Tamar Securities LLC lifted its holdings in Sherwin-Williams by 1.4% during the 4th quarter. Tamar Securities LLC now owns 49,426 shares of the specialty chemicals company’s stock worth $16,801,000 after buying an additional 673 shares during the period. Finally, Perigon Wealth Management LLC grew its position in shares of Sherwin-Williams by 443.1% in the 4th quarter. Perigon Wealth Management LLC now owns 8,032 shares of the specialty chemicals company’s stock valued at $2,845,000 after buying an additional 6,553 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.0 %

SHW opened at $360.43 on Thursday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The firm has a market capitalization of $90.77 billion, a PE ratio of 35.90, a P/E/G ratio of 2.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The company’s 50-day moving average is $360.82 and its 200 day moving average is $363.06.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. 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 report on Wednesday, October 23rd. Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday. Mizuho lowered their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $400.65.

Insiders Place Their Bets

In other news, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.