Independence Bank of Kentucky Grows Position in The Sherwin-Williams Company (NYSE:SHW)

Independence Bank of Kentucky lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 314.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,780 shares of the specialty chemicals company’s stock after acquiring an additional 1,350 shares during the quarter. Independence Bank of Kentucky’s holdings in Sherwin-Williams were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $25,000. Union Savings Bank purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $28,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at $35,000. Lee Financial Co purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $32,000. Finally, BluePath Capital Management LLC purchased a new stake in shares of Sherwin-Williams during the third quarter valued at $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of recent research reports. Argus increased their target price on Sherwin-Williams from $330.00 to $378.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Wells Fargo & Company increased their target price on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Barclays increased their target price on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Mizuho lowered their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Finally, Royal Bank of Canada lowered their target price on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $320.39.

View Our Latest Report on Sherwin-Williams

Insider Buying and Selling at Sherwin-Williams

In other news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Mary L. Garceau sold 23,518 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the sale, the senior vice president now owns 28,475 shares in the company, valued at $9,187,743.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock valued at $10,340,237 in the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.2 %

Shares of NYSE SHW opened at $333.96 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The business has a fifty day simple moving average of $324.40 and a two-hundred day simple moving average of $291.51. The firm has a market cap of $84.98 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.50 and a beta of 1.15. The Sherwin-Williams Company has a twelve month low of $220.22 and a twelve month high of $348.37.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. Sherwin-Williams’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. Analysts expect that The Sherwin-Williams Company will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were given a dividend of $0.715 per share. The ex-dividend date was Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. This represents a $2.86 dividend on an annualized basis and a yield of 0.86%. Sherwin-Williams’s payout ratio is 30.92%.

Sherwin-Williams Profile

(Free Report)

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.

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

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