The Sherwin-Williams Company $SHW Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,418 shares of the specialty chemicals company’s stock after selling 1,833 shares during the period. Sherwin-Williams accounts for approximately 1.0% of Bath Savings Trust Co’s investment portfolio, making the stock its 25th biggest position. Bath Savings Trust Co’s holdings in Sherwin-Williams were worth $9,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American National Bank & Trust grew its position in shares of Sherwin-Williams by 97.6% in the 3rd quarter. American National Bank & Trust now owns 1,488 shares of the specialty chemicals company’s stock valued at $481,000 after buying an additional 735 shares during the last quarter. Eastern Bank raised its position in shares of Sherwin-Williams by 50.6% during the third quarter. Eastern Bank now owns 134 shares of the specialty chemicals company’s stock worth $43,000 after acquiring an additional 45 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Sherwin-Williams by 4.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,181 shares of the specialty chemicals company’s stock worth $382,000 after acquiring an additional 47 shares during the period. Polaris Financial Partners bought a new stake in Sherwin-Williams in the third quarter valued at approximately $147,000. Finally, CX Institutional boosted its holdings in Sherwin-Williams by 2.2% in the third quarter. CX Institutional now owns 3,329 shares of the specialty chemicals company’s stock valued at $1,076,000 after acquiring an additional 72 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 1.9%

NYSE SHW traded down $6.10 on Wednesday, hitting $315.06. 1,745,887 shares of the company were exchanged, compared to its average volume of 1,958,299. The company has a market cap of $76.48 billion, a PE ratio of 29.04, a PEG ratio of 2.37 and a beta of 1.08. The Sherwin-Williams Company has a 12 month low of $289.86 and a 12 month high of $377.77. The stock has a fifty day moving average of $338.50 and a 200-day moving average of $327.85. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the firm posted $3.38 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 12.09 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Sherwin-Williams’s payout ratio is presently 29.49%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Wells Fargo & Company set a $340.00 price objective on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a research report on Friday, September 25th. Mizuho set a $396.00 target price on shares of Sherwin-Williams in a research note on Thursday, September 24th. Weiss Ratings cut shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Finally, Guggenheim started coverage on Sherwin-Williams in a report on Monday, August 3rd. They set a “buy” rating and a $400.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $384.83.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.

Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.