UMB Bank n.a. Sells 204 Shares of The Sherwin-Williams Company (NYSE:SHW)

UMB Bank n.a. reduced its stake in The Sherwin-Williams Company (NYSE:SHWFree Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Sherwin-Williams by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,256,686 shares of the specialty chemicals company’s stock worth $5,421,518,000 after purchasing an additional 187,478 shares during the period. State Street Corp lifted its position in shares of Sherwin-Williams by 2.1% in the 2nd quarter. State Street Corp now owns 10,382,442 shares of the specialty chemicals company’s stock worth $2,756,746,000 after purchasing an additional 211,790 shares during the period. FMR LLC lifted its position in shares of Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Morgan Stanley lifted its position in shares of Sherwin-Williams by 50.9% in the 4th quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock worth $1,229,386,000 after purchasing an additional 1,747,586 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Sherwin-Williams by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock worth $936,902,000 after purchasing an additional 73,605 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SHW. Argus boosted their price target on shares of Sherwin-Williams from $330.00 to $378.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Wolfe Research assumed coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Wells Fargo & Company upped their target price on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, StockNews.com upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $320.39.

View Our Latest Stock Report on Sherwin-Williams

Sherwin-Williams Price Performance

NYSE SHW opened at $333.96 on Wednesday. The company has a market cap of $84.98 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15. 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 firm’s 50-day simple moving average is $324.40 and its two-hundred day simple moving average is $291.51.

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

Sherwin-Williams Increases Dividend

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

Sherwin-Williams Company Profile

(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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