UMB Bank n.a. Cuts Stake in The Sherwin-Williams Company (NYSE:SHW)

UMB Bank n.a. reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,569 shares of the specialty chemicals company’s stock after selling 385 shares during the period. UMB Bank n.a.’s holdings in Sherwin-Williams were worth $7,672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. FMR LLC boosted its position in shares of Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after buying an additional 999,164 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Sherwin-Williams by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after buying an additional 58,463 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Sherwin-Williams by 2.9% during the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after buying an additional 53,487 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Sherwin-Williams by 18.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after buying an additional 238,031 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Sherwin-Williams by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock valued at $542,387,000 after buying an additional 15,843 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHW has been the topic of several recent analyst reports. Mizuho dropped their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company increased their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada lowered their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Evercore ISI increased their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays increased their target price 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 research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $402.25.

Sherwin-Williams Stock Down 0.1 %

NYSE SHW opened at $353.97 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The stock’s 50-day moving average price is $363.89 and its 200-day moving average price is $359.85. The company has a market capitalization of $89.15 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22.

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

Insider Buying and Selling

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This 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 company insiders.

About Sherwin-Williams

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.