Huntington National Bank Has $56.03 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Huntington National Bank lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,830 shares of the specialty chemicals company's stock after acquiring an additional 12,486 shares during the period. Huntington National Bank owned 0.07% of Sherwin-Williams worth $56,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the fourth quarter valued at about $36,000. WR Wealth Planners LLC grew its holdings in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after acquiring an additional 35 shares during the period. Finally, AlphaMark Advisors LLC bought a new stake in Sherwin-Williams in the fourth quarter worth about $41,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Down 2.6 %

SHW stock traded down $8.74 during midday trading on Friday, reaching $331.91. The company had a trading volume of 4,337,001 shares, compared to its average volume of 1,748,173. The company has a 50 day moving average of $352.24 and a two-hundred day moving average of $362.90. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a market capitalization of $83.48 billion, a P/E ratio of 31.46, a PEG ratio of 2.98 and a beta of 1.23.

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Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter last year, the business earned $1.81 earnings per share. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.79 dividend. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams's payout ratio is presently 29.95%.

Wall Street Analyst Weigh In

SHW has been the subject of several research reports. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $400.00 to $380.00 and set an "equal weight" rating for the company in a research report on Thursday. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Mizuho dropped their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Citigroup reaffirmed a "buy" rating and set a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $398.94.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.