Pennsylvania Trust Co Has $1.91 Million Position in Sherwin-Williams Co (NYSE:SHW)

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Pennsylvania Trust Co raised its stake in shares of Sherwin-Williams Co (NYSE:SHW) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,468 shares of the specialty chemicals company’s stock after buying an additional 125 shares during the period. Pennsylvania Trust Co’s holdings in Sherwin-Williams were worth $1,906,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SHW. Freestone Capital Holdings LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at $315,000. Fifth Third Bancorp raised its holdings in shares of Sherwin-Williams by 2.2% during the 1st quarter. Fifth Third Bancorp now owns 97,612 shares of the specialty chemicals company’s stock valued at $42,042,000 after purchasing an additional 2,103 shares in the last quarter. Boston Family Office LLC raised its holdings in shares of Sherwin-Williams by 0.4% during the 2nd quarter. Boston Family Office LLC now owns 9,051 shares of the specialty chemicals company’s stock valued at $4,148,000 after purchasing an additional 36 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Sherwin-Williams by 9.5% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,888 shares of the specialty chemicals company’s stock valued at $1,324,000 after purchasing an additional 251 shares in the last quarter. Finally, Condor Capital Management raised its holdings in shares of Sherwin-Williams by 1.5% during the 2nd quarter. Condor Capital Management now owns 3,272 shares of the specialty chemicals company’s stock valued at $1,500,000 after purchasing an additional 47 shares in the last quarter. 76.67% of the stock is owned by institutional investors.

In other news, SVP Jane M. Cronin sold 1,627 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $515.00, for a total transaction of $837,905.00. Following the transaction, the senior vice president now owns 3,598 shares in the company, valued at approximately $1,852,970. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David B. Sewell sold 4,709 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $493.52, for a total transaction of $2,323,985.68. Following the transaction, the insider now owns 12,604 shares in the company, valued at approximately $6,220,326.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,121 shares of company stock worth $6,134,153. Insiders own 0.50% of the company’s stock.

Shares of SHW opened at $558.70 on Friday. The company has a market capitalization of $50.37 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $558.85. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.80 and a quick ratio of 0.50. The company’s fifty day moving average price is $536.12 and its 200 day moving average price is $480.58.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.35 by $0.22. Sherwin-Williams had a net margin of 6.61% and a return on equity of 48.92%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the previous year, the firm posted $5.73 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that Sherwin-Williams Co will post 21.12 earnings per share for the current year.

A number of research analysts have recently weighed in on the stock. Susquehanna Bancshares raised their price target on shares of Sherwin-Williams from $545.00 to $580.00 and gave the company a “positive” rating in a report on Thursday, July 25th. Deutsche Bank lifted their target price on shares of Sherwin-Williams from $490.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on shares of Sherwin-Williams to $550.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Credit Suisse Group lifted their target price on shares of Sherwin-Williams from $487.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird set a $600.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a report on Wednesday, August 21st. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Sherwin-Williams has a consensus rating of “Buy” and an average target price of $540.58.

About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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