City Holding Co. Increases Stake in The Sherwin-Williams Company (NYSE:SHW)

City Holding Co. boosted its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,883 shares of the specialty chemicals company’s stock after buying an additional 52 shares during the quarter. City Holding Co.’s holdings in Sherwin-Williams were worth $640,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $278,000. AE Wealth Management LLC increased its stake in shares of Sherwin-Williams by 0.8% during the second quarter. AE Wealth Management LLC now owns 7,558 shares of the specialty chemicals company’s stock valued at $2,256,000 after purchasing an additional 61 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Sherwin-Williams by 20.8% during the second quarter. Pacer Advisors Inc. now owns 22,190 shares of the specialty chemicals company’s stock valued at $6,622,000 after purchasing an additional 3,814 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Sherwin-Williams by 1.5% during the second quarter. Summit Trail Advisors LLC now owns 2,672 shares of the specialty chemicals company’s stock valued at $797,000 after purchasing an additional 40 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Sherwin-Williams by 5,225.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 19,919 shares of the specialty chemicals company’s stock worth $5,945,000 after buying an additional 19,545 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. BMO Capital Markets raised their price objective on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Morgan Stanley upped their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Royal Bank of Canada reduced their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Barclays upped their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $402.25.

Insiders Place Their Bets

In related news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on 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 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. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $353.97 on Tuesday. 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 business’s fifty day moving average is $363.89 and its 200 day moving average is $360.29. The company has a market capitalization of $89.15 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

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