Bath Savings Trust Co Cuts Stock 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 cut its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,887 shares of the specialty chemicals company's stock after selling 853 shares during the quarter. Sherwin-Williams accounts for about 1.1% of Bath Savings Trust Co's holdings, making the stock its 27th biggest holding. Bath Savings Trust Co's holdings in Sherwin-Williams were worth $10,949,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in Sherwin-Williams in the fourth quarter valued at about $27,000. Perkins Coie Trust Co bought a new position in Sherwin-Williams in the first quarter valued at about $27,000. Synergy Investment Management LLC raised its position in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams in the first quarter valued at about $30,000. Finally, Saudi Central Bank bought a new position in Sherwin-Williams in the first quarter valued at about $33,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Down 0.0%

SHW stock traded down $0.08 during mid-day trading on Monday, reaching $346.72. The company's stock had a trading volume of 1,224,126 shares, compared to its average volume of 1,779,235. The company has a market cap of $86.45 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.88 and a beta of 1.18. The business's 50 day moving average price is $354.60 and its 200 day moving average price is $348.70. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion during 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%.The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several research firms have commented on SHW. UBS Group dropped their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets lowered their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. Mizuho lowered their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Finally, Loop Capital lowered their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

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.