OLD National Bancorp IN Has $1.36 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

OLD National Bancorp IN lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,010 shares of the specialty chemicals company’s stock after acquiring an additional 64 shares during the quarter. OLD National Bancorp IN’s holdings in Sherwin-Williams were worth $1,363,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the period. Geode Capital Management LLC grew its stake in Sherwin-Williams by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after buying an additional 58,463 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sherwin-Williams by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after acquiring an additional 15,843 shares during the period. Franklin Resources Inc. lifted its position in Sherwin-Williams by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company’s stock worth $542,711,000 after acquiring an additional 78,075 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Sherwin-Williams by 1.0% during the third quarter. Principal Financial Group Inc. now owns 1,047,174 shares of the specialty chemicals company’s stock valued at $399,675,000 after acquiring an additional 10,709 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 2.0 %

Shares of NYSE SHW opened at $358.23 on Friday. The business has a fifty day moving average of $360.24 and a two-hundred day moving average of $363.06. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a market cap of $90.22 billion, a PE ratio of 35.68, a PEG ratio of 2.82 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. During the same period last year, the firm earned $1.81 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 11.31 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley cut their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Evercore ISI raised their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and upped their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.65.

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.