UMB Bank n.a. Has $2.60 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

UMB Bank n.a. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,964 shares of the specialty chemicals company’s stock after selling 1,086 shares during the period. UMB Bank n.a.’s holdings in Sherwin-Williams were worth $2,603,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SHW. Roundview Capital LLC boosted its position in Sherwin-Williams by 8.1% during the first quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock valued at $2,013,000 after purchasing an additional 607 shares during the last quarter. Cibc World Market Inc. boosted its position in Sherwin-Williams by 189.1% during the first quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock valued at $2,598,000 after purchasing an additional 6,808 shares during the last quarter. Sei Investments Co. boosted its position in Sherwin-Williams by 26.5% during the first quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock valued at $29,956,000 after purchasing an additional 24,884 shares during the last quarter. Prudential PLC acquired a new position in Sherwin-Williams during the first quarter valued at approximately $1,231,000. Finally, Cetera Investment Advisers boosted its position in Sherwin-Williams by 2.6% during the first quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock valued at $2,842,000 after purchasing an additional 287 shares during the last quarter. 76.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Sherwin-Williams news, CEO John G. Morikis purchased 2,207 shares of the firm’s stock in a transaction dated Friday, January 27th. The shares were bought at an average price of $226.70 per share, for a total transaction of $500,326.90. Following the purchase, the chief executive officer now owns 231,344 shares in the company, valued at approximately $52,445,684.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Bryan J. Young sold 2,750 shares of Sherwin-Williams stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $220.76, for a total value of $607,090.00. Following the transaction, the senior vice president now owns 7,955 shares in the company, valued at approximately $1,756,145.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John G. Morikis purchased 2,207 shares of the firm’s stock in a transaction dated Friday, January 27th. The stock was acquired at an average price of $226.70 per share, for a total transaction of $500,326.90. Following the purchase, the chief executive officer now owns 231,344 shares in the company, valued at approximately $52,445,684.80. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $217.32 on Friday. The stock’s fifty day moving average price is $231.21 and its two-hundred day moving average price is $230.38. The Sherwin-Williams Company has a one year low of $195.24 and a one year high of $285.00. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.99 and a quick ratio of 0.55. The firm has a market cap of $56.08 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.46 and a beta of 1.07.

Sherwin-Williams (NYSE:SHW – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.05. Sherwin-Williams had a return on equity of 90.04% and a net margin of 9.12%. The firm had revenue of $5.23 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the company earned $1.34 EPS. The company’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts expect that The Sherwin-Williams Company will post 8.71 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were paid a $0.605 dividend. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, February 24th. This represents a $2.42 annualized dividend and a dividend yield of 1.11%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SHW shares. JPMorgan Chase & Co. cut their price objective on Sherwin-Williams from $260.00 to $235.00 and set an “overweight” rating for the company in a research report on Friday, January 27th. Loop Capital cut their price objective on Sherwin-Williams from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, January 27th. Morgan Stanley cut their price objective on Sherwin-Williams from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Friday, January 27th. BMO Capital Markets cut their price objective on Sherwin-Williams from $283.00 to $231.00 and set a “market perform” rating for the company in a research report on Friday, January 27th. Finally, Royal Bank of Canada cut their price objective on Sherwin-Williams from $285.00 to $267.00 and set an “outperform” rating for the company in a research report on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.39.

Sherwin-Williams Company Profile

(Get Rating)

The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.