Private Trust Co. NA reduced its stake in shares of Sherwin-Williams Co. (NYSE:SHW) by 5.7% during the third quarter, Holdings Channel reports. The institutional investor owned 7,791 shares of the company’s stock after selling 474 shares during the period. Private Trust Co. NA’s holdings in Sherwin-Williams were worth $2,155,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SHW. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams by 1.7% in the second quarter. Vanguard Group Inc. now owns 5,615,932 shares of the company’s stock valued at $1,649,230,000 after buying an additional 92,058 shares during the last quarter. FMR LLC raised its stake in shares of Sherwin-Williams by 0.9% in the second quarter. FMR LLC now owns 4,727,416 shares of the company’s stock valued at $1,388,300,000 after buying an additional 44,207 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Sherwin-Williams by 12.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,650,607 shares of the company’s stock valued at $778,404,000 after buying an additional 296,200 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Sherwin-Williams by 50.1% in the second quarter. Ameriprise Financial Inc. now owns 1,768,167 shares of the company’s stock valued at $519,233,000 after buying an additional 590,350 shares during the last quarter. Finally, Lone Pine Capital LLC bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $335,861,000. 72.93% of the stock is currently owned by institutional investors.
Sherwin-Williams Co. (NYSE:SHW) traded down 0.35% on Monday, hitting $274.02. 1,026,084 shares of the stock were exchanged. The company has a market cap of $25.21 billion, a PE ratio of 22.86 and a beta of 0.98. The company’s 50-day moving average is $261.26 and its 200-day moving average is $282.71. Sherwin-Williams Co. has a 52 week low of $234.96 and a 52 week high of $312.48.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 25th. The company reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by $0.09. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.29 billion. Sherwin-Williams had a return on equity of 97.87% and a net margin of 9.50%. Sherwin-Williams’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.97 earnings per share. On average, analysts predict that Sherwin-Williams Co. will post $12.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 16th. Sherwin-Williams’s payout ratio is currently 28.57%.
Several equities research analysts recently commented on SHW shares. Wells Fargo & Co. started coverage on shares of Sherwin-Williams in a research report on Wednesday, September 28th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Vetr upgraded shares of Sherwin-Williams from a “buy” rating to a “strong-buy” rating and set a $292.87 price objective on the stock in a research report on Monday, November 21st. RBC Capital Markets reiterated an “outperform” rating and issued a $335.00 price objective on shares of Sherwin-Williams in a research report on Saturday, August 13th. Finally, Evercore ISI upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Tuesday, November 8th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $322.56.
In other news, Director John M. Stropki bought 500 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were purchased at an average cost of $247.30 per share, with a total value of $123,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.89% of the company’s stock.
Sherwin-Williams Company Profile
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.