Bath Savings Trust Co Trims Position in The Sherwin-Williams Company (NYSE:SHW)

Bath Savings Trust Co lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,469 shares of the specialty chemicals company’s stock after selling 106 shares during the period. Sherwin-Williams accounts for 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.

Several other institutional investors have also recently added to or reduced their stakes in SHW. CWA Asset Management Group LLC lifted its holdings in shares of Sherwin-Williams by 2.5% during the 4th quarter. CWA Asset Management Group LLC now owns 5,033 shares of the specialty chemicals company’s stock worth $1,711,000 after acquiring an additional 125 shares during the period. Pensionfund Sabic raised its stake in Sherwin-Williams by 37.5% during the fourth quarter. Pensionfund Sabic now owns 5,500 shares of the specialty chemicals company’s stock worth $1,870,000 after purchasing an additional 1,500 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Sherwin-Williams by 17.6% in the 4th quarter. GAMMA Investing LLC now owns 3,913 shares of the specialty chemicals company’s stock valued at $1,330,000 after purchasing an additional 586 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Sherwin-Williams by 10.7% during the 4th quarter. Versant Capital Management Inc now owns 1,138 shares of the specialty chemicals company’s stock valued at $387,000 after buying an additional 110 shares during the period. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Sherwin-Williams by 0.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 136,427 shares of the specialty chemicals company’s stock worth $52,070,000 after buying an additional 844 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.6 %

Shares of SHW traded down $2.00 during trading on Tuesday, reaching $335.82. The company’s stock had a trading volume of 588,834 shares, compared to its average volume of 1,576,999. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The company has a market cap 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. The company has a fifty day moving average of $369.35 and a two-hundred day moving average of $357.51.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SHW shares. Morgan Stanley boosted their price target on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Citigroup dropped their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have assigned 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $402.25.

Insider Buying and Selling

In other news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents 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.

Sherwin-Williams 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.