Private Trust Co. NA Has $4.22 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Private Trust Co. NA decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,045 shares of the specialty chemicals company’s stock after selling 329 shares during the period. Private Trust Co. NA’s holdings in Sherwin-Williams were worth $4,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brown Brothers Harriman & Co. increased its position in Sherwin-Williams by 3.1% during the third quarter. Brown Brothers Harriman & Co. now owns 10,721 shares of the specialty chemicals company’s stock worth $4,092,000 after acquiring an additional 318 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Sherwin-Williams in the 3rd quarter valued at approximately $934,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $1,049,000. Daiwa Securities Group Inc. grew its holdings in shares of Sherwin-Williams by 13.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 29,411 shares of the specialty chemicals company’s stock worth $11,225,000 after purchasing an additional 3,403 shares in the last quarter. Finally, SevenBridge Financial Group LLC lifted its position in Sherwin-Williams by 2.8% in the third quarter. SevenBridge Financial Group LLC now owns 9,525 shares of the specialty chemicals company’s stock worth $3,708,000 after purchasing an additional 262 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were 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 owns 6,329 shares in the company, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 18.61 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Up 1.4 %

NYSE:SHW opened at $393.65 on Monday. The company has a market cap of $99.14 billion, a PE ratio of 38.68, a PEG ratio of 3.13 and a beta of 1.17. The stock has a 50-day simple moving average of $377.13 and a 200 day simple moving average of $344.54. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a 52-week low of $272.34 and a 52-week high of $394.18.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results 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 net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the firm posted $3.20 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Analysts Set New Price Targets

SHW has been the subject of a number of analyst reports. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Citigroup dropped their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $396.47.

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.