The Sherwin-Williams Company (NYSE:SHW) Shares Sold by UMB Bank n.a.

UMB Bank n.a. lessened its holdings in The Sherwin-Williams Company (NYSE:SHWFree Report) by 1.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,189 shares of the specialty chemicals company’s stock after selling 204 shares during the period. UMB Bank n.a.’s holdings in Sherwin-Williams were worth $3,490,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SHW. Carderock Capital Management Inc. raised its stake in shares of Sherwin-Williams by 14.1% in the fourth quarter. Carderock Capital Management Inc. now owns 28,423 shares of the specialty chemicals company’s stock worth $8,865,000 after purchasing an additional 3,521 shares during the last quarter. Independence Bank of Kentucky raised its stake in shares of Sherwin-Williams by 314.0% in the fourth quarter. Independence Bank of Kentucky now owns 1,780 shares of the specialty chemicals company’s stock worth $555,000 after purchasing an additional 1,350 shares during the last quarter. Stonegate Investment Group LLC raised its stake in shares of Sherwin-Williams by 10.4% in the fourth quarter. Stonegate Investment Group LLC now owns 2,634 shares of the specialty chemicals company’s stock worth $822,000 after purchasing an additional 248 shares during the last quarter. Welch Group LLC raised its stake in shares of Sherwin-Williams by 1.2% in the fourth quarter. Welch Group LLC now owns 18,443 shares of the specialty chemicals company’s stock worth $5,752,000 after purchasing an additional 210 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of Sherwin-Williams by 70.8% in the fourth quarter. Pinnacle Financial Partners Inc now owns 40,804 shares of the specialty chemicals company’s stock worth $12,727,000 after purchasing an additional 16,914 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SHW. Evercore ISI raised their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a research report on Tuesday, February 27th. The Goldman Sachs Group lifted their price target on Sherwin-Williams from $295.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Finally, Argus lifted their price target on Sherwin-Williams from $330.00 to $378.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.39.

View Our Latest Report on Sherwin-Williams

Sherwin-Williams Price Performance

NYSE:SHW opened at $333.96 on Wednesday. The Sherwin-Williams Company has a 52 week low of $220.22 and a 52 week high of $348.37. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $84.98 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.50 and a beta of 1.15. The stock’s fifty day moving average is $324.40 and its two-hundred day moving average is $291.51.

Sherwin-Williams (NYSE:SHWGet Free Report) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, February 23rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.61. Sherwin-Williams’s payout ratio is currently 30.92%.

Insider Activity at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the sale, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is currently owned by company insiders.

About Sherwin-Williams

(Free Report)

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.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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