KBC Group NV Has $31.93 Million Stock Position in The Sherwin-Williams Company (NYSE:SHW)

KBC Group NV cut its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,944 shares of the specialty chemicals company's stock after selling 33,066 shares during the period. KBC Group NV's holdings in Sherwin-Williams were worth $31,934,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 88.9% during the third 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 during the period. First Personal Financial Services bought a new position in shares of Sherwin-Williams during the third quarter worth about $29,000. FSA Wealth Management LLC bought a new position in Sherwin-Williams in the 3rd quarter valued at about $32,000. GHP Investment Advisors Inc. grew its position 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 valued at $33,000 after buying an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Sherwin-Williams in the 3rd quarter valued at about $38,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the 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 transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents 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 Up 0.1 %

Shares of NYSE SHW traded up $0.23 during mid-day trading on Tuesday, reaching $364.40. The company had a trading volume of 1,338,848 shares, compared to its average volume of 1,573,356. The stock has a fifty day moving average of $361.00 and a two-hundred day moving average of $362.74. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The company has a market capitalization of $91.77 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.78 and a beta of 1.22. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of recent analyst reports. Evercore ISI increased their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Mizuho decreased their target price on shares of Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and raised their price objective for the company from $321.00 to $420.00 in a research report on Friday. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research report on Thursday, October 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $400.65.

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.