2,410 Shares of The Sherwin-Williams Company $SHW Acquired by NBT Bank N.A.

NBT Bank N.A. bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,410 shares of the specialty chemicals company’s stock, valued at approximately $779,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SHW. BlackRock Inc. bought a new stake in shares of Sherwin-Williams during the second quarter worth approximately $6,100,083,000. Wellington Management Group LLP grew its position in shares of Sherwin-Williams by 133.7% in the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after purchasing an additional 1,593,009 shares during the last quarter. Amundi grew its position in shares of Sherwin-Williams by 20.6% in the first quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock valued at $705,497,000 after purchasing an additional 376,505 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Sherwin-Williams during the second quarter worth approximately $547,097,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Sherwin-Williams by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,417,166 shares of the specialty chemicals company’s stock worth $454,226,000 after purchasing an additional 39,853 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $336.93 on Friday. The stock has a fifty day moving average price of $331.09 and a 200-day moving average price of $328.96. The company has a market cap of $81.79 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 2.70 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The company had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter last year, the business earned $3.38 earnings per share. Sherwin-Williams’s revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12.07 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be given a $0.80 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is presently 29.49%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Argus lifted their price target on Sherwin-Williams from $355.00 to $380.00 in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft upped their price objective on Sherwin-Williams from $355.00 to $375.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Rothschild & Co Redburn increased their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Finally, BNP Paribas Exane lifted their target price on Sherwin-Williams from $345.00 to $360.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $382.08.

Insider Buying and Selling

In other news, insider Justin T. Binns sold 13,500 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Karl Jorgenrud sold 7,886 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.23% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.