The Sherwin-Williams Company (NYSE:SHW) Shares Sold by CNB Bank

CNB Bank cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,651 shares of the specialty chemicals company’s stock after selling 62 shares during the quarter. CNB Bank’s holdings in Sherwin-Williams were worth $901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHW. J.W. Cole Advisors Inc. lifted its position in shares of Sherwin-Williams by 16.7% in the second quarter. J.W. Cole Advisors Inc. now owns 931 shares of the specialty chemicals company’s stock worth $278,000 after purchasing an additional 133 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Sherwin-Williams in the second quarter valued at about $319,000. Mutual of America Capital Management LLC increased its position in Sherwin-Williams by 3.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 31,882 shares of the specialty chemicals company’s stock worth $9,515,000 after purchasing an additional 1,006 shares during the last quarter. SYSTM Wealth Solutions LLC raised its stake in shares of Sherwin-Williams by 1,183.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 3,260 shares of the specialty chemicals company’s stock worth $973,000 after purchasing an additional 3,006 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Sherwin-Williams by 4.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,184 shares of the specialty chemicals company’s stock valued at $5,376,000 after buying an additional 718 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 1.0 %

Shares of NYSE SHW opened at $357.85 on Friday. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company’s 50 day moving average price is $365.15 and its 200-day moving average price is $359.03. The company has a market capitalization of $90.12 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

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

Insider Buying and Selling

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. The trade was 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 company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SHW shares. Robert W. Baird lifted their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays increased 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. Mizuho reduced their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada decreased their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $402.25.

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.