Bath Savings Trust Co Sells 729 Shares of The Sherwin-Williams Company (NYSE:SHW)

Bath Savings Trust Co lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,740 shares of the specialty chemicals company's stock after selling 729 shares during the period. Sherwin-Williams comprises approximately 1.2% of Bath Savings Trust Co's investment portfolio, making the stock its 26th largest holding. Bath Savings Trust Co's holdings in Sherwin-Williams were worth $11,432,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Voleon Capital Management LP acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $2,011,000. Kerusso Capital Management LLC raised its position in Sherwin-Williams by 75.9% during the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after acquiring an additional 4,439 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Sherwin-Williams in the fourth quarter valued at $169,000. Empower Advisory Group LLC lifted its stake in Sherwin-Williams by 3.3% in the fourth quarter. Empower Advisory Group LLC now owns 322,925 shares of the specialty chemicals company's stock valued at $109,772,000 after acquiring an additional 10,267 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in Sherwin-Williams by 443.1% during the fourth quarter. Perigon Wealth Management LLC now owns 8,032 shares of the specialty chemicals company's stock worth $2,845,000 after purchasing an additional 6,553 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 0.9%

SHW traded up $3.08 during trading on Friday, hitting $358.83. The company's stock had a trading volume of 2,509,202 shares, compared to its average volume of 1,742,634. The firm has a market capitalization of $89.92 billion, a P/E ratio of 34.01, a PEG ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The stock's fifty day moving average price is $344.83 and its 200-day moving average price is $353.88. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. Sherwin-Williams's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.17 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.88%. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SHW. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Mizuho set a $395.00 target price on Sherwin-Williams in a research note on Tuesday, April 15th. UBS Group reduced their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, Citigroup reduced their price objective on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average target price of $397.00.

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.