Bath Savings Trust Co Reduces Stock Position in The Sherwin-Williams Company $SHW

Bath Savings Trust Co trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,418 shares of the specialty chemicals company’s stock after selling 1,833 shares during the quarter. Sherwin-Williams comprises 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilkerson Advisory Group LLC lifted its stake in shares of Sherwin-Williams by 172.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Montgomery Financial Services LLC acquired a new position in Sherwin-Williams in the 2nd quarter valued at about $29,000. Whipplewood Advisors LLC bought a new position in Sherwin-Williams in the 1st quarter valued at about $28,000. Tacita Capital Inc acquired a new stake in Sherwin-Williams during the second quarter worth approximately $30,000. Finally, Eastern Bank lifted its position in Sherwin-Williams by 50.8% during the second quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 30 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other news, insider Justin Binns sold 13,500 shares of the company’s stock in a transaction 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 transaction, the insider directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction 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 transaction, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by corporate insiders.

Sherwin-Williams Price Performance

NYSE:SHW traded down $6.10 during trading hours on Wednesday, hitting $315.06. The company’s stock had a trading volume of 1,745,887 shares, compared to its average volume of 1,958,299. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The stock has a fifty day simple moving average of $338.50 and a 200-day simple moving average of $327.85. The company has a market capitalization of $76.48 billion, a P/E ratio of 29.04, a PEG ratio of 2.37 and a beta of 1.08.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the previous year, the firm earned $3.38 earnings per share. The business’s quarterly 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. On average, analysts anticipate that The Sherwin-Williams Company will post 12.09 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analyst Weigh In

SHW has been the topic of several research reports. Guggenheim started coverage on Sherwin-Williams in a research report on Monday, August 3rd. They issued a “buy” rating and a $400.00 target price on the stock. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating and set a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Melius Research began coverage on Sherwin-Williams in a report on Tuesday. They set a “hold” rating and a $367.00 target price for the company. Finally, UBS Group set a $363.00 price target on shares of Sherwin-Williams and gave the company a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $384.83.

Sherwin-Williams Company Profile

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.