Busey Bank Lowers Position in The Sherwin-Williams Company (NYSE:SHW)

Busey Bank trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,449 shares of the specialty chemicals company’s stock after selling 42 shares during the quarter. Busey Bank’s holdings in Sherwin-Williams were worth $493,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC grew its stake in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the period. First Personal Financial Services bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $29,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams in the 3rd quarter worth about $32,000. GHP Investment Advisors Inc. lifted its position in Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Sherwin-Williams during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $365.83 on Friday. The company has a 50-day moving average price of $360.59 and a 200-day moving average price of $363.04. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. 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 firm has a market capitalization of $92.13 billion, a P/E ratio of 36.44, a PEG ratio of 2.82 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. During the same period in the prior year, the firm earned $1.81 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SHW shares. Robert W. Baird raised their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Royal Bank of Canada cut their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Evercore ISI lifted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley cut their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $400.65.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction that occurred on 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 $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is 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.