Calamos Wealth Management LLC Boosts Holdings in The Sherwin-Williams Company (NYSE:SHW)

Calamos Wealth Management LLC raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,098 shares of the specialty chemicals company’s stock after purchasing an additional 3,867 shares during the quarter. Sherwin-Williams accounts for about 0.7% of Calamos Wealth Management LLC’s portfolio, making the stock its 27th largest position. Calamos Wealth Management LLC’s holdings in Sherwin-Williams were worth $14,650,000 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. Valued Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $29,000. FSA Wealth Management LLC purchased a new position in Sherwin-Williams during the third quarter worth approximately $32,000. GHP Investment Advisors Inc. increased its stake in shares of Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Sherwin-Williams in the third quarter worth approximately $38,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Mizuho decreased their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Robert W. Baird increased their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $400.00.

Sherwin-Williams Stock Down 0.1 %

Shares of SHW opened at $357.90 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The company has a market cap of $90.14 billion, a P/E ratio of 33.92, a P/E/G ratio of 2.86 and a beta of 1.22. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The firm has a 50 day simple moving average of $359.64 and a two-hundred day simple moving average of $363.86.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the business earned $1.81 earnings per share. Research analysts forecast that The Sherwin-Williams Company will post 12.12 EPS for the current fiscal year.

Insider Transactions at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.