The Sherwin-Williams Company $SHW Shares Sold by New Hampshire Trust

New Hampshire Trust reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,465 shares of the specialty chemicals company’s stock after selling 302 shares during the period. New Hampshire Trust’s holdings in Sherwin-Williams were worth $2,907,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Valley Brook Capital Group Inc. raised its holdings in shares of Sherwin-Williams by 2.4% during the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after acquiring an additional 31 shares during the period. Nicolet Advisory Services LLC raised its holdings in shares of Sherwin-Williams by 3.1% during the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock valued at $362,000 after acquiring an additional 33 shares during the period. CBIZ Investment Advisory Services LLC raised its holdings in shares of Sherwin-Williams by 41.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 33 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Sherwin-Williams by 1.3% during the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company’s stock valued at $927,000 after acquiring an additional 33 shares during the period. Finally, Beacon Financial Group raised its holdings in shares of Sherwin-Williams by 5.1% during the second quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company’s stock valued at $235,000 after acquiring an additional 33 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.6%

NYSE:SHW opened at $333.64 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The company has a market capitalization of $83.19 billion, a P/E ratio of 33.10, a P/E/G ratio of 3.13 and a beta of 1.20. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The stock’s 50 day moving average price is $350.33 and its 200 day moving average price is $348.22.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $0.79 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 31.35%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SHW. Loop Capital lowered their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Friday. UBS Group restated a “buy” rating and set a $400.00 price target (up from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Citigroup restated a “neutral” rating and set a $380.00 price target (up from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Finally, BMO Capital Markets decreased their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $387.13.

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.