Bath Savings Trust Co Has $10.95 Million Holdings in The Sherwin-Williams Company $SHW

Key Points

• Bath Savings Trust Co sold 853 shares of The Sherwin-Williams Company, resulting in a 2.6% decrease in its holdings, which now stand at 31,887 shares valued at approximately $10.95 million.
• Insider sales have occurred, including CAO James P. Lang who sold 860 shares valued at over $301,000, indicating a significant decrease in their ownership position.
• Analysts have lowered their price targets for Sherwin-Williams, with Wells Fargo cutting it from $420 to $400, while the stock has a current market cap of approximately $87.36 billion.

Bath Savings Trust Co decreased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,887 shares of the specialty chemicals company's stock after selling 853 shares during the quarter. Sherwin-Williams makes up about 1.1% of Bath Savings Trust Co's holdings, making the stock its 27th biggest position. Bath Savings Trust Co's holdings in Sherwin-Williams were worth $10,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC lifted its position in Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after buying an additional 32 shares in the last quarter. Nicolet Advisory Services LLC lifted its position in Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after buying an additional 33 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Sherwin-Williams by 41.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock worth $39,000 after buying an additional 33 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Sherwin-Williams by 1.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock worth $927,000 after buying an additional 33 shares in the last quarter. Finally, Beacon Financial Group lifted its position in Sherwin-Williams by 5.1% in the 2nd quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company's stock worth $235,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SHW shares. Mizuho dropped their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Loop Capital dropped their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. UBS Group dropped their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, Evercore ISI increased their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded down $2.78 during midday trading on Friday, reaching $346.78. 2,559,003 shares of the company's stock were exchanged, compared to its average volume of 1,766,213. The company's 50 day simple moving average is $354.55 and its two-hundred day simple moving average is $349.00. The firm has a market capitalization of $86.46 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.90 and a beta of 1.18. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

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.