2,408 Shares in The Sherwin-Williams Company $SHW Bought by First National Bank of Omaha

First National Bank of Omaha bought a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,408 shares of the specialty chemicals company’s stock, valued at approximately $834,000.

Other hedge funds have also made changes to their positions in the company. Modera Wealth Management LLC grew its stake in Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after acquiring an additional 29 shares during the last quarter. Richard W. Paul & Associates LLC raised its position in Sherwin-Williams by 1.6% during the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after acquiring an additional 30 shares during the last quarter. 17 Capital Partners LLC lifted its holdings in shares of Sherwin-Williams by 0.9% in the second quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company’s stock valued at $1,147,000 after purchasing an additional 31 shares in the last quarter. Alpine Bank Wealth Management grew its position in shares of Sherwin-Williams by 4.1% in the third quarter. Alpine Bank Wealth Management now owns 781 shares of the specialty chemicals company’s stock valued at $270,000 after purchasing an additional 31 shares during the last quarter. Finally, Jessup Wealth Management Inc grew its position in shares of Sherwin-Williams by 1.4% in the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Mizuho upped their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $387.67.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $365.65 on Thursday. The stock has a fifty day moving average price of $345.53 and a 200 day moving average price of $346.20. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The firm has a market capitalization of $90.64 billion, a P/E ratio of 35.60, a PEG ratio of 3.18 and a beta of 1.25. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the company earned $2.09 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.80 dividend. The ex-dividend date is Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s payout ratio is presently 30.77%.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.