First National Bank of Mount Dora Trust Investment Services Grows Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,492 shares of the specialty chemicals company’s stock after buying an additional 158 shares during the quarter. Sherwin-Williams accounts for 1.4% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 28th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Sherwin-Williams were worth $5,946,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Border to Coast Pensions Partnership Ltd acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $42,019,000. Ritholtz Wealth Management lifted its position in shares of Sherwin-Williams by 0.7% during the fourth quarter. Ritholtz Wealth Management now owns 9,395 shares of the specialty chemicals company’s stock worth $3,194,000 after purchasing an additional 67 shares in the last quarter. Carnegie Investment Counsel lifted its position in shares of Sherwin-Williams by 0.4% during the fourth quarter. Carnegie Investment Counsel now owns 169,992 shares of the specialty chemicals company’s stock worth $57,785,000 after purchasing an additional 655 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $856,000. Finally, Financial Enhancement Group LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $6,427,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHW has been the topic of a number of recent research reports. Evercore ISI boosted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Mizuho reduced their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays upped their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $402.25.

Sherwin-Williams Stock Down 0.1 %

Sherwin-Williams stock opened at $353.97 on Friday. The company has a 50-day simple moving average of $364.55 and a 200-day simple moving average of $358.99. The firm has a market capitalization of $89.15 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.39 and a beta of 1.22. 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 one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.20 EPS. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were 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 of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 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.