Central Bank & Trust Co. Sells 3,139 Shares of The Sherwin-Williams Company (NYSE:SHW)

Central Bank & Trust Co. lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 21.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,255 shares of the specialty chemicals company’s stock after selling 3,139 shares during the period. Central Bank & Trust Co.’s holdings in Sherwin-Williams were worth $3,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Norges Bank bought a new position in Sherwin-Williams during the 4th quarter worth $1,359,747,000. GAMMA Investing LLC boosted its holdings in shares of Sherwin-Williams by 41,717.1% during the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company’s stock valued at $571,381,000 after acquiring an additional 1,632,391 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Sherwin-Williams by 47.1% during the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock valued at $1,019,329,000 after acquiring an additional 960,724 shares in the last quarter. Barclays PLC boosted its holdings in shares of Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock valued at $704,855,000 after acquiring an additional 728,798 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $230,829,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.1%

NYSE:SHW opened at $357.65 on Friday. The company has a market cap of $89.63 billion, a P/E ratio of 33.90, a P/E/G ratio of 2.98 and a beta of 1.21. The stock’s fifty day moving average price is $346.06 and its two-hundred day moving average price is $352.98. The Sherwin-Williams Company has a 1 year low of $290.18 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the business posted $2.17 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. As a group, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SHW. Morgan Stanley decreased their price target on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company raised Sherwin-Williams from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $350.00 to $420.00 in a research note on Wednesday, April 30th. Barclays decreased their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. Royal Bank of Canada boosted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Five 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.