The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Private Trust Co. NA

Private Trust Co. NA decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,862 shares of the specialty chemicals company’s stock after selling 183 shares during the quarter. Private Trust Co. NA’s holdings in Sherwin-Williams were worth $3,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Valued Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares during the period. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams during the 4th quarter worth $26,000. First Personal Financial Services bought a new position in shares of Sherwin-Williams in the third quarter worth $29,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams in the third quarter worth $32,000. Finally, Sierra Ocean LLC bought a new position in shares of Sherwin-Williams in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHW. Evercore ISI increased their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Mizuho reduced their target price on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $403.31.

Sherwin-Williams Price Performance

Shares of SHW opened at $356.02 on Friday. The business’s 50-day moving average is $350.92 and its two-hundred day moving average is $365.51. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The company has a market capitalization of $89.54 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $1.81 EPS. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s payout ratio is 29.95%.

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.