Central Bank & Trust Co. Sells 790 Shares of The Sherwin-Williams Company (NYSE:SHW)

Central Bank & Trust Co. lessened its position in The Sherwin-Williams Company (NYSE:SHWFree Report) by 4.2% in the 1st quarter, Holdings Channel reports. The firm owned 18,167 shares of the specialty chemicals company’s stock after selling 790 shares during the period. Central Bank & Trust Co.’s holdings in Sherwin-Williams were worth $6,310,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SHW. First United Bank & Trust acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $31,000. Tortoise Investment Management LLC boosted its holdings in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 65 shares during the period. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $35,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $36,000. Finally, Tompkins Financial Corp lifted its position in Sherwin-Williams by 1,533.3% in the 3rd quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

NYSE:SHW traded down $0.09 during mid-day trading on Friday, hitting $301.26. The stock had a trading volume of 2,312,736 shares, compared to its average volume of 1,794,700. The company’s 50 day simple moving average is $306.29 and its 200 day simple moving average is $313.20. The stock has a market cap of $76.38 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.42 and a beta of 1.17. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The Sherwin-Williams Company has a twelve month low of $232.06 and a twelve month high of $348.37.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.04 earnings per share. On average, equities research analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $0.715 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Analyst Ratings Changes

SHW has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Mizuho cut their target price on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Robert W. Baird upped their price target on Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, BMO Capital Markets lowered their price objective on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $343.41.

View Our Latest Stock Analysis on Sherwin-Williams

About Sherwin-Williams

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWFree Report).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.