The Sherwin-Williams Company (NYSE:SHW) Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 958 shares of the specialty chemicals company’s stock after selling 100 shares during the period. First Financial Bank Trust Division’s holdings in Sherwin-Williams were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SHW. HHM Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 1,716.7% during the first quarter. HHM Wealth Advisors LLC now owns 109 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 103 shares during the period. TCI Wealth Advisors Inc. raised its holdings in shares of Sherwin-Williams by 296.9% during the first quarter. TCI Wealth Advisors Inc. now owns 127 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 95 shares during the period. Providence Capital Advisors LLC raised its holdings in shares of Sherwin-Williams by 44,853.3% during the first quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 6,728 shares during the period. Elequin Securities LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $34,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth $36,000. 75.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHW has been the topic of a number of analyst reports. Bank of America increased their price objective on shares of Sherwin-Williams from $270.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Citigroup increased their price objective on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Wells Fargo & Company dropped their price objective on shares of Sherwin-Williams from $300.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, August 25th. Evercore ISI increased their price objective on shares of Sherwin-Williams from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Finally, Royal Bank of Canada increased their price objective on shares of Sherwin-Williams from $272.00 to $315.00 in a report on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $283.61.

Sherwin-Williams Stock Performance

Shares of SHW opened at $268.50 on Thursday. The firm’s 50 day moving average is $270.29 and its 200-day moving average is $245.01. The stock has a market capitalization of $69.04 billion, a P/E ratio of 29.80, a P/E/G ratio of 2.27 and a beta of 1.10. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.00 and a quick ratio of 0.62. The Sherwin-Williams Company has a 12-month low of $195.24 and a 12-month high of $283.80.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.58. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Sherwin-Williams had a net margin of 10.20% and a return on equity of 83.63%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 9.78 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Thursday, August 17th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 26.86%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through 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.