Thrivent Financial for Lutherans Cuts Stock Position in The Sherwin-Williams Company $SHW

Thrivent Financial for Lutherans decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 30.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,760 shares of the specialty chemicals company’s stock after selling 9,637 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sherwin-Williams were worth $7,534,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MTM Investment Management LLC bought a new stake in Sherwin-Williams during the second quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares during the period. Salomon & Ludwin LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $31,000. Delos Wealth Advisors LLC purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $36,000. Finally, True Wealth Design LLC lifted its position in Sherwin-Williams by 129.8% in the third quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 61 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 2.2%

SHW opened at $360.97 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock’s fifty day moving average is $339.70 and its two-hundred day moving average is $344.43. The company has a market capitalization of $89.48 billion, a P/E ratio of 35.15, a PEG ratio of 3.19 and a beta of 1.25. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 EPS. Analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price for the company in a report on Wednesday, January 7th. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research note on Friday, January 30th. Mizuho decreased their price target on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $386.33.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.