UMB Bank N A MO Lowers Position in Sherwin-Williams Co (SHW)

UMB Bank N A MO lowered its position in shares of Sherwin-Williams Co (NYSE:SHW) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,711 shares of the specialty chemicals company’s stock after selling 355 shares during the quarter. UMB Bank N A MO’s holdings in Sherwin-Williams were worth $3,572,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SHW. Franklin Resources Inc. boosted its position in Sherwin-Williams by 25.0% during the 2nd quarter. Franklin Resources Inc. now owns 15,880 shares of the specialty chemicals company’s stock worth $5,574,000 after acquiring an additional 3,179 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Sherwin-Williams by 2.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 3,070 shares of the specialty chemicals company’s stock worth $1,077,000 after acquiring an additional 80 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Sherwin-Williams by 3.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 9,829 shares of the specialty chemicals company’s stock worth $3,450,000 after acquiring an additional 333 shares during the last quarter. Cibc World Markets Corp boosted its position in Sherwin-Williams by 35.1% during the 2nd quarter. Cibc World Markets Corp now owns 11,447 shares of the specialty chemicals company’s stock worth $4,017,000 after acquiring an additional 2,976 shares during the last quarter. Finally, Hancock Holding Co. acquired a new position in Sherwin-Williams during the 2nd quarter worth approximately $549,000. 75.85% of the stock is owned by hedge funds and other institutional investors.

In other Sherwin-Williams news, insider Robert J. Davisson sold 8,800 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the completion of the sale, the insider now owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. In the last three months, insiders sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is currently owned by insiders.

A number of equities analysts have weighed in on SHW shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $455.00 price target on shares of Sherwin-Williams in a research report on Thursday, December 14th. Morgan Stanley set a $425.00 price target on Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 4th. Longbow Research reaffirmed a “buy” rating and set a $440.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a research report on Monday, October 9th. KeyCorp reaffirmed an “overweight” rating and set a $440.00 price target (up previously from $415.00) on shares of Sherwin-Williams in a research report on Wednesday, October 4th. Finally, Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 price target for the company in a research report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Sherwin-Williams currently has an average rating of “Buy” and an average target price of $417.39.

Shares of Sherwin-Williams Co (NYSE SHW) opened at $427.18 on Tuesday. The company has a market capitalization of $40,285.79, a P/E ratio of 37.57, a PEG ratio of 1.97 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. Sherwin-Williams Co has a twelve month low of $280.14 and a twelve month high of $435.15.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating the consensus estimate of $4.70 by $0.05. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.23 EPS. analysts forecast that Sherwin-Williams Co will post 15.02 earnings per share for the current year.

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Sherwin-Williams Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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