The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Community Trust & Investment Co.

Community Trust & Investment Co. grew its position in The Sherwin-Williams Company (NYSE:SHW) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,319 shares of the specialty chemicals company’s stock after acquiring an additional 305 shares during the quarter. Community Trust & Investment Co.’s holdings in Sherwin-Williams were worth $3,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Valued Wealth Advisors LLC increased its stake in Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares during the last quarter. First Personal Financial Services purchased a new position in shares of Sherwin-Williams in the 3rd quarter valued at about $29,000. Semmax Financial Advisors Inc. raised its stake in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Sherwin-Williams during the third quarter worth approximately $32,000. Finally, GHP Investment Advisors Inc. raised its position in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

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

Sherwin-Williams Stock Up 1.6 %

Shares of NYSE:SHW opened at $341.65 on Wednesday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company’s 50-day moving average price is $365.83 and its two-hundred day moving average price is $359.11. The firm has a market cap of $86.05 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.94 and a beta of 1.22. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.20 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SHW shares. Barclays lifted their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Evercore ISI increased their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird upped their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Finally, Citigroup cut their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $402.25.

Sherwin-Williams 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.