The Sherwin-Williams Company (NYSE:SHW) Stock Position Decreased by Intrust Bank NA

Intrust Bank NA lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 995 shares of the specialty chemicals company’s stock after selling 57 shares during the period. Intrust Bank NA’s holdings in Sherwin-Williams were worth $338,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Legacy Capital Wealth Partners LLC boosted its stake in shares of Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 29 shares in the last quarter. Apella Capital LLC boosted its holdings in Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after acquiring an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC grew its position in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock valued at $1,272,000 after purchasing an additional 30 shares during the last quarter. IMS Capital Management increased its stake in shares of Sherwin-Williams by 2.4% in the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 30 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Sherwin-Williams by 7.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company’s stock worth $149,000 after purchasing an additional 31 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on SHW shares. Royal Bank of Canada dropped their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Mizuho cut their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Finally, Morgan Stanley cut their target price on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $401.13.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Down 1.7 %

Shares of SHW opened at $339.77 on Monday. The business’s 50 day simple moving average is $353.59 and its 200-day simple moving average is $363.80. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The company has a market capitalization of $85.46 billion, a P/E ratio of 32.21, a PEG ratio of 2.98 and a beta of 1.23. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.81 EPS. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. Sherwin-Williams’s payout ratio is currently 29.95%.

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.