The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 0.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,469 shares of the specialty chemicals company’s stock after selling 106 shares during the quarter. Sherwin-Williams accounts for about 1.2% of Bath Savings Trust Co’s investment portfolio, making the stock its 28th biggest position. Bath Savings Trust Co’s holdings in Sherwin-Williams were worth $11,377,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 0.6 %

NYSE SHW traded down $2.00 on Tuesday, hitting $335.82. 588,834 shares of the stock were exchanged, compared to its average volume of 1,576,999. The company’s 50-day moving average price is $369.35 and its two-hundred day moving average price is $357.51. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a market capitalization of $84.58 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 2.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the company posted $3.20 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a $0.715 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.85%. Sherwin-Williams’s payout ratio is 28.49%.

Analysts Set New Price Targets

A number of analysts have commented on SHW shares. Barclays boosted their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Royal Bank of Canada cut their price objective on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Mizuho lowered their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $402.25.

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.