Intrust Bank NA Sells 70 Shares of The Sherwin-Williams Company (NYSE:SHW)

Intrust Bank NA lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,269 shares of the specialty chemicals company’s stock after selling 70 shares during the quarter. Intrust Bank NA’s holdings in Sherwin-Williams were worth $396,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. OFI Invest Asset Management bought a new position in Sherwin-Williams in the 3rd quarter valued at $25,000. Union Savings Bank bought a new position in Sherwin-Williams in the 3rd quarter valued at $28,000. McGlone Suttner Wealth Management Inc. bought a new position in Sherwin-Williams in the 4th quarter valued at $35,000. Wetzel Investment Advisors Inc. bought a new position in Sherwin-Williams in the 4th quarter valued at $36,000. Finally, Lee Financial Co bought a new position in Sherwin-Williams in the 3rd quarter valued at $32,000. Institutional investors own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI lowered their target price on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Citigroup lowered their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, April 25th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their target price for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $341.39.

Sherwin-Williams Trading Up 1.3 %

Sherwin-Williams stock opened at $303.36 on Thursday. The stock has a 50-day moving average of $327.54 and a two-hundred day moving average of $300.61. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The Sherwin-Williams Company has a one year low of $221.76 and a one year high of $348.37. The stock has a market cap of $77.19 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.41 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter last year, the business posted $2.04 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insider Activity

In other news, insider Todd D. Rea sold 2,449 shares of the 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 transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,050 shares of company stock valued at $10,340,237. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company 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.