McHugh Group LLC Makes New $204,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

McHugh Group LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 600 shares of the specialty chemicals company’s stock, valued at approximately $204,000.

Several other large investors also recently bought and sold shares of the business. Merit Financial Group LLC grew its holdings in shares of Sherwin-Williams by 80.0% in the fourth quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company’s stock worth $400,000 after acquiring an additional 523 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of Sherwin-Williams by 13.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock valued at $694,000 after purchasing an additional 209 shares during the period. Tamar Securities LLC increased its position in shares of Sherwin-Williams by 3.4% during the 3rd quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after purchasing an additional 1,604 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Sherwin-Williams by 52.6% in the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company’s stock worth $2,271,000 after purchasing an additional 2,303 shares during the period. Finally, Burney Co. boosted its holdings in shares of Sherwin-Williams by 4.6% in the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company’s stock worth $5,871,000 after buying an additional 766 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Mizuho reduced their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price objective for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Citigroup lowered their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird upped their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One 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 company. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $400.00.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $364.41 on Thursday. The firm’s fifty day moving average is $357.45 and its two-hundred day moving average is $364.34. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a market cap of $91.78 billion, a P/E ratio of 34.54, a P/E/G ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 company earned $1.81 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12.12 EPS for the current fiscal year.

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.