NBT Bank N A NY Lowers Stock Position in The Sherwin-Williams Company (NYSE:SHW)

NBT Bank N A NY reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 16.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,334 shares of the specialty chemicals company's stock after selling 1,282 shares during the period. NBT Bank N A NY's holdings in Sherwin-Williams were worth $2,212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC increased its stake in Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after buying an additional 30 shares during the period. Opal Wealth Advisors LLC raised its stake 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 valued at $276,000 after purchasing an additional 32 shares during the last quarter. Ashton Thomas Securities LLC boosted its position in Sherwin-Williams by 1.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock worth $757,000 after acquiring an additional 34 shares during the last quarter. WR Wealth Planners LLC grew its position in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares during the period. Finally, Avantax Planning Partners Inc. increased its position in Sherwin-Williams by 2.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company's stock worth $515,000 after purchasing an additional 35 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHW has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Jefferies Financial Group reissued a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $350.00 to $420.00 in a research report on Wednesday, April 30th. Morgan Stanley decreased their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank Of Canada lifted their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $397.67.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded up $0.05 during midday trading on Thursday, hitting $331.08. The company had a trading volume of 1,443,807 shares, compared to its average volume of 1,724,026. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. The company has a fifty day simple moving average of $348.37 and a 200 day simple moving average of $350.63. The Sherwin-Williams Company has a 12-month low of $292.27 and a 12-month high of $400.42. The stock has a market cap of $82.97 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.01 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.17 earnings per share. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is 29.87%.

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.