Sherwin-Williams Attracts New Investment Amid Hedge Fund Buys

SFE Investment Counsel acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,378 shares of the specialty chemicals company's stock, valued at approximately $1,163,000.

The move comes as several other hedge funds have also recently added to or reduced their stakes in Sherwin-Williams. Vanguard Group Inc. grew its position in shares of Sherwin-Williams by 2.7% during the 4th quarter, while State Street Corp lifted its holdings in Sherwin-Williams by 2.4% in the same period.

Wall Street analysts have weighed in on SHW shares, with Bank of America dropping their target price on Sherwin-Williams from $370.00 to $365.00 and setting a 'neutral' rating on the stock in a research report on Tuesday, April 21st.