Crews Bank & Trust Makes New $583,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

Crews Bank & Trust acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,715 shares of the specialty chemicals company’s stock, valued at approximately $583,000.

Other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC lifted its stake in Sherwin-Williams by 88.9% in the 3rd 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 in the last quarter. First Personal Financial Services bought a new position in shares of Sherwin-Williams in the third quarter worth approximately $29,000. FSA Wealth Management LLC purchased a new stake in Sherwin-Williams in the third quarter valued at approximately $32,000. GHP Investment Advisors Inc. grew its stake in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Sherwin-Williams in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of several recent research reports. Royal Bank of Canada reduced their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Evercore ISI lifted their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised 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. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $400.65.

Sherwin-Williams Trading Up 0.6 %

Shares of SHW stock opened at $362.39 on Thursday. The stock has a fifty day simple moving average of $360.82 and a two-hundred day simple moving average of $363.06. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The firm has a market capitalization of $91.27 billion, a PE ratio of 35.74, a PEG ratio of 2.78 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. During the same quarter in the prior year, the firm posted $1.81 EPS. On average, analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction 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 completion of 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 legal filing with the SEC, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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.