First Interstate Bank Has $465,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

First Interstate Bank decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,491 shares of the specialty chemicals company’s stock after selling 49 shares during the period. First Interstate Bank’s holdings in Sherwin-Williams were worth $465,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Sherwin-Williams by 16.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock valued at $12,132,000 after purchasing an additional 6,639 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at about $38,444,000. Machina Capital S.A.S. increased its holdings in shares of Sherwin-Williams by 149.0% in the 3rd quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock valued at $2,473,000 after purchasing an additional 5,801 shares during the period. Pearl River Capital LLC acquired a new position in shares of Sherwin-Williams in the 3rd quarter valued at about $4,517,000. Finally, Simplicity Solutions LLC increased its holdings in shares of Sherwin-Williams by 182.2% in the 4th quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock valued at $3,337,000 after purchasing an additional 6,909 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW traded down $5.62 during mid-day trading on Tuesday, hitting $308.35. The company’s stock had a trading volume of 1,440,697 shares, compared to its average volume of 1,402,189. The Sherwin-Williams Company has a one year low of $221.76 and a one year high of $348.37. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The firm has a market capitalization of $78.46 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The stock’s 50-day moving average is $328.68 and its two-hundred day moving average is $296.45.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.01. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. Sherwin-Williams’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 earnings per share. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 26th were paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, February 23rd. Sherwin-Williams’s dividend payout ratio is presently 30.92%.

Insider Activity at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of research reports. Evercore ISI dropped their target price on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a research note on Tuesday, February 27th. Barclays boosted their price target on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Seaport Res Ptn cut Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Company boosted their price target on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $325.94.

Sherwin-Williams Profile

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.