The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,394 shares of the specialty chemicals company’s stock after selling 285 shares during the quarter. Central Bank & Trust Co.’s holdings in Sherwin-Williams were worth $4,893,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Valued Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares during the last quarter. First Personal Financial Services acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at $29,000. Semmax Financial Advisors Inc. raised its stake in Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter valued at about $32,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.1 %

Shares of Sherwin-Williams stock opened at $353.97 on Tuesday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm’s 50-day moving average price is $363.89 and its 200 day moving average price is $360.29. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $89.15 billion, a PE ratio of 35.26, a P/E/G ratio of 2.72 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly 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 return on equity of 74.45% and a net margin of 11.09%. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the firm earned $3.20 earnings per share. The business’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SHW shares. Royal Bank of Canada dropped their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Morgan Stanley raised their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Robert W. Baird increased their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $402.25.

Insiders Place Their Bets

In related news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred 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 owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $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 currently owned by corporate insiders.

Sherwin-Williams Profile

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.