Trust Co. of Oklahoma Sells 31 Shares of The Sherwin-Williams Company (NYSE:SHW)

Trust Co. of Oklahoma cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,647 shares of the specialty chemicals company’s stock after selling 31 shares during the period. Trust Co. of Oklahoma’s holdings in Sherwin-Williams were worth $1,240,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SHW. Avior Wealth Management LLC raised its stake in Sherwin-Williams by 1.6% during the fourth quarter. Avior Wealth Management LLC now owns 4,040 shares of the specialty chemicals company’s stock valued at $1,373,000 after purchasing an additional 63 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its position in Sherwin-Williams by 0.3% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 71,461 shares of the specialty chemicals company’s stock worth $24,292,000 after acquiring an additional 191 shares in the last quarter. True North Advisors LLC bought a new stake in Sherwin-Williams during the fourth quarter worth approximately $3,286,000. Independent Wealth Network Inc. lifted its stake in shares of Sherwin-Williams by 7.9% in the 4th quarter. Independent Wealth Network Inc. now owns 1,675 shares of the specialty chemicals company’s stock valued at $569,000 after purchasing an additional 123 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Sherwin-Williams by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 135,786 shares of the specialty chemicals company’s stock worth $46,158,000 after purchasing an additional 2,227 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $402.25.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the firm’s 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 completion of the transaction, 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 position. The transaction was disclosed in a 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 on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Down 1.1 %

Shares of Sherwin-Williams stock opened at $357.44 on Thursday. The company has a market cap of $90.02 billion, a P/E ratio of 35.60, a PEG ratio of 2.79 and a beta of 1.22. 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’s 50 day moving average price is $362.14 and its 200-day moving average price is $361.13.

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