Intrust Bank NA Has $396,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Intrust Bank NA lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,269 shares of the specialty chemicals company’s stock after selling 70 shares during the quarter. Intrust Bank NA’s holdings in Sherwin-Williams were worth $396,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SHW. FMR LLC grew its position in Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Alphinity Investment Management Pty Ltd purchased a new position in Sherwin-Williams during the 4th quarter worth $432,737,000. International Assets Investment Management LLC boosted its holdings in Sherwin-Williams by 2,853.9% during the 4th quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock worth $202,793,000 after acquiring an additional 628,175 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Sherwin-Williams by 188.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 758,914 shares of the specialty chemicals company’s stock worth $193,561,000 after acquiring an additional 495,668 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Sherwin-Williams by 49.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 985,909 shares of the specialty chemicals company’s stock worth $251,456,000 after acquiring an additional 327,372 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams 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 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 in the last quarter. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Up 1.3 %

Shares of Sherwin-Williams stock opened at $303.36 on Thursday. The Sherwin-Williams Company has a 52-week low of $221.76 and a 52-week high of $348.37. The stock’s 50-day simple moving average is $327.54 and its 200 day simple moving average is $300.61. The stock has a market capitalization of $77.19 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.41 and a beta of 1.18. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the firm posted $2.04 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. As a group, research analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s payout ratio is presently 30.49%.

Analysts Set New Price Targets

A number of research firms have issued reports on SHW. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Evercore ISI cut their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a report on Tuesday, February 27th. Mizuho cut their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Finally, Barclays lifted their target price on Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $341.39.

About Sherwin-Williams

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.