Trustmark National Bank Trust Department Purchases Shares of 1,086 The Sherwin-Williams Company (NYSE:SHW)

Trustmark National Bank Trust Department purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,086 shares of the specialty chemicals company's stock, valued at approximately $369,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Merit Financial Group LLC lifted its holdings in Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after purchasing an additional 523 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Sherwin-Williams by 52.6% in the fourth quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after buying an additional 2,303 shares in the last quarter. Burney Co. boosted its position in shares of Sherwin-Williams by 4.6% in the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock valued at $5,871,000 after acquiring an additional 766 shares during the period. Kerusso Capital Management LLC grew its stake in Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after acquiring an additional 4,439 shares in the last quarter. Finally, Canoe Financial LP increased its holdings in Sherwin-Williams by 542.0% during the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock worth $115,477,000 after acquiring an additional 286,791 shares during the period. Institutional investors own 77.67% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on SHW. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Barclays cut their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research note on Tuesday. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $392.50.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Performance

NYSE:SHW traded up $1.75 during mid-day trading on Friday, reaching $333.03. The company's stock had a trading volume of 2,238,297 shares, compared to its average volume of 1,786,587. The firm's fifty day moving average price is $344.78 and its two-hundred day moving average price is $358.89. 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 stock has a market cap of $83.76 billion, a P/E ratio of 31.57, a PEG ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results 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 net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the company earned $1.81 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Sherwin-Williams Company 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.