Sanibel Captiva Trust Company Inc. Takes $253,000 Position in The Sherwin-Williams Company (NYSE:SHW)

Sanibel Captiva Trust Company Inc. bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 744 shares of the specialty chemicals company's stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Griffin Asset Management Inc. increased its holdings in shares of Sherwin-Williams by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company's stock worth $3,548,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in Sherwin-Williams by 2.4% during the third quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock worth $458,000 after acquiring an additional 28 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after purchasing an additional 28 shares during the period. Allworth Financial LP lifted its stake in shares of Sherwin-Williams by 1.8% in the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company's stock valued at $595,000 after purchasing an additional 28 shares during the last quarter. Finally, First Interstate Bank grew its holdings in shares of Sherwin-Williams by 1.9% during the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after purchasing an additional 28 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 sale, the senior vice president now owns 6,329 shares of the company's stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the business's stock in a transaction dated 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 $11,621,253.60. The trade was a 35.06 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on SHW shares. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. BMO Capital Markets upped their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research note on Monday, September 30th. 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. Finally, Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $402.25.

Sherwin-Williams Stock Performance

SHW traded down $0.20 during trading on Monday, hitting $353.97. The stock had a trading volume of 2,392,508 shares, compared to its average volume of 1,288,421. The firm has a market capitalization of $89.15 billion, a P/E ratio of 35.26, a PEG ratio of 2.39 and a beta of 1.22. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company's 50-day moving average price is $363.89 and its 200 day moving average price is $360.29. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share 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 for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the company earned $3.20 earnings per share. The business's revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts forecast 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.