Congress Asset Management Co. MA increased its position in Sherwin-Williams Co (NYSE:SHW) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,194 shares of the specialty chemicals company’s stock after purchasing an additional 250 shares during the period. Congress Asset Management Co. MA’s holdings in Sherwin-Williams were worth $7,159,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in SHW. CMH Wealth Management LLC purchased a new stake in Sherwin-Williams in the fourth quarter worth about $35,000. Contravisory Investment Management Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $44,000. Csenge Advisory Group purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $66,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $109,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $112,000. 76.18% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on SHW shares. Credit Suisse Group set a $500.00 target price on Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday, October 15th. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 price target for the company in a report on Tuesday, October 16th. Edward Jones upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. Barclays lowered their price objective on Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Friday, October 26th. Finally, Buckingham Research lowered their price objective on Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Sherwin-Williams currently has an average rating of “Buy” and an average price target of $461.10.
Shares of SHW stock opened at $421.01 on Monday. Sherwin-Williams Co has a 1-year low of $355.28 and a 1-year high of $479.64. The company has a current ratio of 1.01, a quick ratio of 0.59 and a debt-to-equity ratio of 2.33. The firm has a market cap of $39.42 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 1.62 and a beta of 1.29.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.02). Sherwin-Williams had a return on equity of 46.48% and a net margin of 6.32%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm posted $3.16 EPS. On average, equities research analysts forecast that Sherwin-Williams Co will post 21.23 earnings per share for the current fiscal year.
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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.
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