NBT Bank N A NY Sells 525 Shares of The Sherwin-Williams Company (NYSE:SHW)

NBT Bank N A NY reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,616 shares of the specialty chemicals company’s stock after selling 525 shares during the quarter. NBT Bank N A NY’s holdings in Sherwin-Williams were worth $2,589,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FMR LLC increased its position in Sherwin-Williams by 18.2% during the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $230,829,000. Proficio Capital Partners LLC increased its holdings in shares of Sherwin-Williams by 41,520.8% during the fourth quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company’s stock worth $162,987,000 after buying an additional 478,320 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Sherwin-Williams by 1,717.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock valued at $124,769,000 after acquiring an additional 308,921 shares during the last quarter. Finally, Canoe Financial LP lifted its stake in shares of Sherwin-Williams by 542.0% in the 4th quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company’s stock valued at $115,477,000 after acquiring an additional 286,791 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % 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. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Up 1.1 %

NYSE SHW opened at $363.99 on Monday. The stock has a market capitalization of $91.55 billion, a P/E ratio of 34.50, a P/E/G ratio of 2.98 and a beta of 1.23. The business has a 50 day simple moving average of $352.70 and a 200 day simple moving average of $365.99. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the company posted $1.81 earnings per share. Research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Monday, March 3rd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is 29.95%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SHW. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their price target for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Citigroup reiterated a “buy” rating and issued a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $403.31.

Sherwin-Williams Profile

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.