Sherwin-Williams Co (NYSE:SHW) Shares Sold by JLB & Associates Inc.

JLB & Associates Inc. lessened its holdings in Sherwin-Williams Co (NYSE:SHW) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,226 shares of the specialty chemicals company’s stock after selling 65 shares during the quarter. JLB & Associates Inc.’s holdings in Sherwin-Williams were worth $4,337,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Kessler Investment Group LLC boosted its holdings in shares of Sherwin-Williams by 66.7% in the 3rd quarter. Kessler Investment Group LLC now owns 50 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 20 shares during the last quarter. Evolution Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 235.3% in the third quarter. Evolution Wealth Advisors LLC now owns 57 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 40 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in Sherwin-Williams during the 2nd quarter worth about $68,000. Valeo Financial Advisors LLC raised its stake in shares of Sherwin-Williams by 45.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 119 shares of the specialty chemicals company’s stock valued at $69,000 after buying an additional 37 shares during the last quarter. Finally, Hall Laurie J Trustee acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at about $105,000. 75.16% of the stock is owned by institutional investors.

In other news, insider Peter J. Ippolito sold 5,015 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $656.16, for a total value of $3,290,642.40. Following the completion of the sale, the insider now owns 5,015 shares of the company’s stock, valued at approximately $3,290,642.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Thomas P. Gilligan sold 4,964 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $642.70, for a total transaction of $3,190,362.80. Following the sale, the senior vice president now owns 8,751 shares of the company’s stock, valued at approximately $5,624,267.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,543 shares of company stock valued at $37,224,818. 0.55% of the stock is owned by company insiders.

Several brokerages recently weighed in on SHW. Bank of America lifted their price target on Sherwin-Williams from $565.00 to $600.00 and gave the company an “underperform” rating in a research report on Wednesday, July 29th. Zacks Investment Research lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $742.00 target price for the company. in a report on Tuesday, September 29th. Jefferies Financial Group increased their price target on shares of Sherwin-Williams from $570.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. BMO Capital Markets raised shares of Sherwin-Williams from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $674.00 to $790.00 in a report on Wednesday, September 9th. Finally, G.Research reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, July 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $679.95.

SHW stock traded up $7.32 during mid-day trading on Friday, reaching $695.32. The company’s stock had a trading volume of 380,195 shares, compared to its average volume of 584,960. The company has a current ratio of 1.10, a quick ratio of 0.69 and a debt-to-equity ratio of 2.14. The company’s 50 day moving average is $692.49 and its two-hundred day moving average is $603.12. Sherwin-Williams Co has a fifty-two week low of $325.43 and a fifty-two week high of $725.91. The stock has a market cap of $63.31 billion, a PE ratio of 37.06, a P/E/G ratio of 3.35 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $7.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.69 by $1.41. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Sherwin-Williams had a return on equity of 53.67% and a net margin of 9.83%. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.57 EPS. On average, analysts forecast that Sherwin-Williams Co will post 22.94 earnings per share for the current fiscal year.

Sherwin-Williams Company 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.

Read More: Insider Trading

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).

Institutional Ownership by Quarter for Sherwin-Williams (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.