Busey Bank Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

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

Several other large investors also recently added to or reduced their stakes in SHW. EP Wealth Advisors LLC increased its stake in Sherwin-Williams by 4.5% in the second quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company’s stock worth $1,163,000 after purchasing an additional 166 shares during the period. Truist Financial Corp increased its stake in Sherwin-Williams by 0.9% in the 2nd quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company’s stock worth $15,579,000 after buying an additional 446 shares during the period. Cetera Investment Advisers lifted its holdings in Sherwin-Williams by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 57,433 shares of the specialty chemicals company’s stock valued at $17,140,000 after buying an additional 742 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in Sherwin-Williams by 17.7% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 6,936 shares of the specialty chemicals company’s stock valued at $2,070,000 after buying an additional 1,044 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Sherwin-Williams in the 2nd quarter worth about $11,335,000. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SHW shares. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price target for the company from $321.00 to $420.00 in a research note on Friday, January 24th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, UBS Group reissued an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $400.65.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction dated 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 owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.5 %

Sherwin-Williams stock opened at $365.83 on Friday. 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 stock has a market cap of $92.13 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 2.82 and a beta of 1.22. The stock has a 50-day moving average of $360.59 and a two-hundred day moving average of $363.04. 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 announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating 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 last year, the company posted $1.81 earnings per share. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.31 EPS for the current fiscal year.

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.