Bessemer Group Inc. Sells 2,100 Shares of The Sherwin-Williams Company $SHW

Bessemer Group Inc. lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 619,432 shares of the specialty chemicals company’s stock after selling 2,100 shares during the quarter. Bessemer Group Inc.’s holdings in Sherwin-Williams were worth $214,484,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sherwin-Williams by 1.1% in the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock worth $7,666,732,000 after purchasing an additional 246,008 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Sherwin-Williams by 1.8% in the second quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after buying an additional 90,482 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Sherwin-Williams by 9.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after acquiring an additional 351,453 shares during the last quarter. Norges Bank purchased a new position in Sherwin-Williams during the 2nd quarter valued at $1,296,565,000. Finally, JPMorgan Chase & Co. grew its position in Sherwin-Williams by 22.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock valued at $1,043,595,000 after acquiring an additional 553,275 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $368.50 on Thursday. The company’s 50 day moving average is $339.35 and its 200 day moving average is $344.31. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The firm has a market cap of $91.35 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 3.12 and a beta of 1.25. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America lowered their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective on the stock in a research note on Wednesday, January 7th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $386.33.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.