Victory Capital Management Inc. Lowers Holdings in Sherwin-Williams Co (SHW)
Victory Capital Management Inc. decreased its position in shares of Sherwin-Williams Co (NYSE:SHW) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 52,438 shares of the specialty chemicals company’s stock after selling 1,428 shares during the period. Victory Capital Management Inc.’s holdings in Sherwin-Williams were worth $21,502,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. Janus Henderson Group PLC raised its position in Sherwin-Williams by 27.6% during the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after purchasing an additional 288,492 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Sherwin-Williams by 30.6% during the third quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after buying an additional 247,553 shares during the last quarter. Atlantic Trust Group LLC bought a new position in shares of Sherwin-Williams during the third quarter valued at about $87,798,000. Koch Industries Inc. bought a new position in shares of Sherwin-Williams during the second quarter valued at about $235,000. Finally, Milestone Resources Group Ltd bought a new position in shares of Sherwin-Williams during the fourth quarter valued at about $73,042,000. Institutional investors and hedge funds own 76.06% of the company’s stock.
Shares of Sherwin-Williams Co (NYSE SHW) opened at $398.86 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $37,298.96, a PE ratio of 27.53, a P/E/G ratio of 1.80 and a beta of 1.18. Sherwin-Williams Co has a 12 month low of $305.26 and a 12 month high of $435.15.
A number of research analysts have recently issued reports on SHW shares. Zelman & Associates raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $400.00 price objective (up from $360.00) on shares of Sherwin-Williams in a research note on Wednesday, October 25th. UBS Group raised their price objective on Sherwin-Williams from $375.00 to $395.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Citigroup raised their price objective on Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $425.00 price objective on shares of Sherwin-Williams in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $433.74.
In related news, insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the sale, the senior vice president now directly owns 18,363 shares in the company, valued at $7,512,486.93. The disclosure for this sale can be found here. Insiders sold 15,122 shares of company stock worth $5,969,846 over the last three months. 1.69% of the stock is owned by insiders.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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