Sanctuary Advisors LLC Has $15.03 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Sanctuary Advisors LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,103 shares of the specialty chemicals company’s stock after selling 2,192 shares during the quarter. Sanctuary Advisors LLC’s holdings in Sherwin-Williams were worth $15,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in shares of Sherwin-Williams by 135.6% during the third quarter. Exchange Traded Concepts LLC now owns 238 shares of the specialty chemicals company’s stock worth $91,000 after buying an additional 137 shares during the period. Creative Planning grew its stake in shares of Sherwin-Williams by 11.6% during the 3rd quarter. Creative Planning now owns 45,997 shares of the specialty chemicals company’s stock worth $17,556,000 after acquiring an additional 4,770 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Sherwin-Williams by 81.9% in the third quarter. Blue Trust Inc. now owns 2,368 shares of the specialty chemicals company’s stock valued at $904,000 after purchasing an additional 1,066 shares during the last quarter. AA Financial Advisors LLC bought a new stake in shares of Sherwin-Williams in the third quarter worth $264,000. Finally, Suncoast Equity Management boosted its holdings in Sherwin-Williams by 1.3% during the third quarter. Suncoast Equity Management now owns 12,826 shares of the specialty chemicals company’s stock worth $4,895,000 after purchasing an additional 170 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on SHW shares. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the company from $321.00 to $420.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Barclays boosted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.00.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $356.93 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a market cap of $89.89 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 3.15 and a beta of 1.22. The stock’s fifty day moving average price is $352.96 and its two-hundred day moving average price is $365.32. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the business earned $1.81 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Activity

In related news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is 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.