Grove Bank & Trust Raises Position in The Sherwin-Williams Company (NYSE:SHW)

Grove Bank & Trust raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 24.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211 shares of the specialty chemicals company’s stock after buying an additional 42 shares during the period. Grove Bank & Trust’s holdings in Sherwin-Williams were worth $81,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Conning Inc. increased its stake in shares of Sherwin-Williams by 1.9% in the second quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock worth $479,000 after buying an additional 30 shares during the period. Oxbow Advisors LLC increased its position in shares of Sherwin-Williams by 4.5% in the second quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock valued at $206,000 after acquiring an additional 30 shares during the period. Global X Japan Co. Ltd. increased its position in shares of Sherwin-Williams by 2.2% in the second quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock valued at $419,000 after acquiring an additional 30 shares during the period. Optas LLC raised its stake in shares of Sherwin-Williams by 1.3% during the second quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after acquiring an additional 32 shares during the last quarter. Finally, LongView Wealth Management boosted its holdings in shares of Sherwin-Williams by 3.7% during the third quarter. LongView Wealth Management now owns 893 shares of the specialty chemicals company’s stock worth $341,000 after purchasing an additional 32 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Trading Up 1.1 %

NYSE SHW opened at $388.55 on Wednesday. The stock’s fifty day moving average price is $367.81 and its 200-day moving average price is $332.74. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The stock has a market cap of $98.02 billion, a P/E ratio of 39.61, a P/E/G ratio of 2.95 and a beta of 1.17. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. Sherwin-Williams’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $3.29 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Morgan Stanley upped their target price on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. UBS Group lifted their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $373.17.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Sherwin-Williams Company 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.