Sherwin-Williams Co (SHW) Holdings Reduced by Capital Bank & Trust Co
Capital Bank & Trust Co decreased its holdings in Sherwin-Williams Co (NYSE:SHW) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,599 shares of the specialty chemicals company’s stock after selling 241 shares during the quarter. Capital Bank & Trust Co’s holdings in Sherwin-Williams were worth $7,375,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in Sherwin-Williams by 27.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after buying an additional 288,492 shares during the period. Caxton Associates LP purchased a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $537,000. Chevy Chase Trust Holdings Inc. grew its holdings in shares of Sherwin-Williams by 2.7% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 71,876 shares of the specialty chemicals company’s stock worth $25,734,000 after purchasing an additional 1,872 shares during the period. Wills Financial Group Inc. grew its holdings in shares of Sherwin-Williams by 69.6% during the 3rd quarter. Wills Financial Group Inc. now owns 2,777 shares of the specialty chemicals company’s stock worth $994,000 after purchasing an additional 1,140 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Sherwin-Williams by 160.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,881 shares of the specialty chemicals company’s stock worth $2,106,000 after purchasing an additional 3,619 shares during the period. Institutional investors own 75.98% of the company’s stock.
In other Sherwin-Williams news, SVP Robert J. Wells sold 2,946 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the transaction, the senior vice president now owns 18,363 shares in the company, valued at approximately $7,512,486.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Davisson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $407.11, for a total value of $407,110.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is owned by company insiders.
A number of brokerages have recently issued reports on SHW. Credit Suisse Group reiterated an “outperform” rating and set a $410.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Citigroup boosted their target price on Sherwin-Williams from $405.00 to $442.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 target price for the company in a report on Wednesday, September 20th. Jefferies Group boosted their target price on Sherwin-Williams from $364.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, October 4th. Finally, Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $325.00 to $435.00 in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $402.32.
Sherwin-Williams Co (NYSE:SHW) traded down $1.09 during midday trading on Tuesday, reaching $407.76. The company’s stock had a trading volume of 312,800 shares, compared to its average volume of 628,339. The stock has a market cap of $38,233.16, a PE ratio of 29.46, a PEG ratio of 2.28 and a beta of 1.22. Sherwin-Williams Co has a 52-week low of $265.14 and a 52-week high of $413.98. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. Sherwin-Williams’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.23 EPS. equities analysts anticipate that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, November 16th. Sherwin-Williams’s dividend payout ratio is presently 29.90%.
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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