The Sherwin-Williams Company $SHW Shares Purchased by Glenview Trust Co

Glenview Trust Co raised its stake in shares of The Sherwin-Williams Company (NYSE:SHW – Free Report) by 6.4% during the third quarter, Holdings Channel reports. The firm owned 97,564 shares of the specialty chemicals company’s stock after buying an additional 5,840 shares during the period. Glenview Trust Co’s holdings in Sherwin-Williams were worth $31,540,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC grew its position in shares of Sherwin-Williams by 2.3% during the 3rd quarter. Soltis Investment Advisors LLC now owns 17,840 shares of the specialty chemicals company’s stock worth $5,767,000 after buying an additional 403 shares during the period. Interchange Capital Partners LLC lifted its holdings in Sherwin-Williams by 39.8% in the third quarter. Interchange Capital Partners LLC now owns 1,708 shares of the specialty chemicals company’s stock valued at $552,000 after buying an additional 486 shares during the period. Childress Capital Advisors LLC lifted its holdings in Sherwin-Williams by 4.9% in the third quarter. Childress Capital Advisors LLC now owns 713 shares of the specialty chemicals company’s stock valued at $230,000 after buying an additional 33 shares during the period. Motley Fool Asset Management LLC boosted its stake in Sherwin-Williams by 6.9% in the third quarter. Motley Fool Asset Management LLC now owns 20,059 shares of the specialty chemicals company’s stock valued at $6,484,000 after acquiring an additional 1,292 shares during the last quarter. Finally, North Dakota State Investment Board boosted its stake in Sherwin-Williams by 2.9% in the third quarter. North Dakota State Investment Board now owns 7,057 shares of the specialty chemicals company’s stock valued at $2,281,000 after acquiring an additional 196 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Karl Jorgenrud sold 7,886 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the sale, the insider owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.23% of the company’s stock.

Sherwin-Williams Stock Up 0.9%

Shares of NYSE SHW opened at $332.95 on Friday. The stock has a market cap of $80.44 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.74 and a beta of 1.08. The firm has a 50 day moving average price of $329.41 and a 200 day moving average price of $333.14. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.46 and a current ratio of 0.71. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77.

Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.78 billion. During the same period in the prior year, the business earned $3.59 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts expect that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s dividend payout ratio is presently 29.41%.

Analyst Ratings Changes

Several analysts have commented on SHW shares. Bank of America upped their target price on shares of Sherwin-Williams from $369.00 to $383.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Citigroup reduced their price target on Sherwin-Williams from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and set a $353.00 price objective on shares of Sherwin-Williams in a research note on Tuesday. DA Davidson set a $390.00 price objective on Sherwin-Williams and gave the company a “buy” rating in a report on Wednesday. Finally, Rothschild & Co Redburn increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.29.

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Sherwin-Williams Profile

(Free Report)

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.

See Also

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).

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

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