Private Trust Co. NA Trims Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Private Trust Co. NA lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,862 shares of the specialty chemicals company’s stock after selling 183 shares during the quarter. Private Trust Co. NA’s holdings in Sherwin-Williams were worth $3,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after purchasing an additional 999,164 shares during the period. Geode Capital Management LLC grew its stake in shares of Sherwin-Williams by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company’s stock valued at $1,799,196,000 after buying an additional 58,463 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its stake in Sherwin-Williams by 5.6% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company’s stock worth $738,261,000 after purchasing an additional 114,591 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Sherwin-Williams by 12.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company’s stock worth $586,293,000 after buying an additional 187,724 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Sherwin-Williams by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,421,090 shares of the specialty chemicals company’s stock worth $542,387,000 after buying an additional 15,843 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

SHW opened at $356.02 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a fifty day moving average price of $350.92 and a 200 day moving average price of $365.51. The stock has a market cap of $89.54 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.98 and a beta of 1.22. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the firm earned $1.81 earnings per share. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.79 per share. The ex-dividend date is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.95%.

Analyst Ratings Changes

SHW has been the topic of several recent research reports. Royal Bank of Canada dropped their price target on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley reduced their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and raised their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $403.31.

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.