Sherwin-Williams Co (SHW) Shares Bought by NuWave Investment Management LLC

NuWave Investment Management LLC grew its holdings in Sherwin-Williams Co (NYSE:SHW) by 846.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,337 shares of the specialty chemicals company’s stock after buying an additional 2,090 shares during the quarter. Sherwin-Williams makes up about 1.2% of NuWave Investment Management LLC’s investment portfolio, making the stock its 13th largest holding. NuWave Investment Management LLC’s holdings in Sherwin-Williams were worth $1,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. Neuberger Berman Group LLC increased its position in Sherwin-Williams by 2.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 446,292 shares of the specialty chemicals company’s stock valued at $203,160,000 after buying an additional 12,747 shares in the last quarter. Carroll Financial Associates Inc. lifted its position in shares of Sherwin-Williams by 4.3% in the fourth quarter. Carroll Financial Associates Inc. now owns 657 shares of the specialty chemicals company’s stock valued at $260,000 after acquiring an additional 27 shares in the last quarter. Dupont Capital Management Corp lifted its position in shares of Sherwin-Williams by 37.1% in the fourth quarter. Dupont Capital Management Corp now owns 18,172 shares of the specialty chemicals company’s stock valued at $7,150,000 after acquiring an additional 4,913 shares in the last quarter. CAPROCK Group Inc. lifted its position in shares of Sherwin-Williams by 13.5% in the fourth quarter. CAPROCK Group Inc. now owns 1,686 shares of the specialty chemicals company’s stock valued at $663,000 after acquiring an additional 201 shares in the last quarter. Finally, Trust Co. of Oklahoma lifted its position in shares of Sherwin-Williams by 7.3% in the fourth quarter. Trust Co. of Oklahoma now owns 1,296 shares of the specialty chemicals company’s stock valued at $510,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 77.70% of the company’s stock.

NYSE SHW traded down $0.39 during trading hours on Thursday, hitting $443.32. 174,220 shares of the company were exchanged, compared to its average volume of 556,945. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.01 and a quick ratio of 0.59. Sherwin-Williams Co has a 52 week low of $355.28 and a 52 week high of $479.64. The stock has a market capitalization of $41.13 billion, a P/E ratio of 23.92, a PEG ratio of 1.72 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 31st. The specialty chemicals company reported $3.54 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the firm earned $3.16 earnings per share. As a group, equities research analysts anticipate that Sherwin-Williams Co will post 21.09 earnings per share for the current fiscal year.

In other Sherwin-Williams news, insider Joel D. Baxter sold 7,621 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $439.15, for a total transaction of $3,346,762.15. Following the sale, the insider now directly owns 10,308 shares of the company’s stock, valued at $4,526,758.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jane M. Cronin sold 1,344 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $441.24, for a total value of $593,026.56. Following the sale, the senior vice president now directly owns 4,078 shares in the company, valued at $1,799,376.72. The disclosure for this sale can be found here. Insiders have sold 11,839 shares of company stock worth $5,186,817 over the last three months. 0.50% of the stock is currently owned by insiders.

SHW has been the topic of several research analyst reports. KeyCorp lowered their price objective on Sherwin-Williams from $500.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 16th. JPMorgan Chase & Co. upgraded Sherwin-Williams from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $380.00 to $415.00 in a research report on Monday, December 17th. Zacks Investment Research downgraded Sherwin-Williams from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 17th. Deutsche Bank lowered their price objective on Sherwin-Williams from $465.00 to $445.00 and set a “buy” rating on the stock in a research report on Wednesday, January 16th. Finally, Barclays restated a “hold” rating and issued a $440.00 price objective on shares of Sherwin-Williams in a research report on Sunday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $464.29.

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Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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