ETF Managers Group LLC lifted its position in shares of Sherwin-Williams Co (NYSE:SHW) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 337 shares of the specialty chemicals company’s stock after purchasing an additional 50 shares during the period. ETF Managers Group LLC’s holdings in Sherwin-Williams were worth $133,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHW. Cornerstone Wealth Management LLC bought a new position in shares of Sherwin-Williams during the third quarter valued at about $1,564,000. FMR LLC lifted its position in shares of Sherwin-Williams by 12.7% during the third quarter. FMR LLC now owns 3,582,597 shares of the specialty chemicals company’s stock valued at $1,630,834,000 after purchasing an additional 402,592 shares in the last quarter. Capital World Investors lifted its position in shares of Sherwin-Williams by 11.5% during the third quarter. Capital World Investors now owns 3,489,339 shares of the specialty chemicals company’s stock valued at $1,588,382,000 after purchasing an additional 359,552 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Sherwin-Williams by 312.9% during the third quarter. Prudential Financial Inc. now owns 392,740 shares of the specialty chemicals company’s stock valued at $178,779,000 after purchasing an additional 297,624 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in shares of Sherwin-Williams during the third quarter valued at about $131,920,000. 79.77% of the stock is currently owned by institutional investors.
Shares of SHW stock opened at $423.71 on Tuesday. The stock has a market capitalization of $39.42 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 1.62 and a beta of 1.29. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.59 and a current ratio of 1.01. Sherwin-Williams Co has a 52 week low of $355.28 and a 52 week high of $479.64.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.02). The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.05 billion. Sherwin-Williams had a return on equity of 46.48% and a net margin of 6.32%. During the same period in the prior year, the firm posted $3.16 EPS. Research analysts predict that Sherwin-Williams Co will post 21.23 earnings per share for the current year.
SHW has been the topic of a number of recent analyst reports. KeyCorp dropped their price target on shares of Sherwin-Williams from $500.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 16th. Credit Suisse Group set a $500.00 price target on shares of Sherwin-Williams and gave the company a “buy” rating in a research report on Monday, October 15th. Wells Fargo & Co raised shares of Sherwin-Williams from a “market perform” rating to an “outperform” rating and set a $475.00 price target on the stock in a research report on Monday, January 14th. JPMorgan Chase & Co. raised shares of Sherwin-Williams from a “neutral” rating to an “overweight” rating and raised their price target for the company from $380.00 to $415.00 in a research report on Monday, December 17th. Finally, Edward Jones raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $461.10.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
Further Reading: Return on Equity (ROE)
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sherwin-Williams Co (NYSE:SHW).
Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.