Whittier Trust Co. of Nevada Inc. Has $7.22 Million Stake in The Sherwin-Williams Company $SHW

Whittier Trust Co. of Nevada Inc. trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,017 shares of the specialty chemicals company’s stock after selling 564 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Sherwin-Williams were worth $7,216,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SHW. Valley National Advisers Inc. grew its stake in Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Synergy Investment Management LLC boosted its stake in shares of Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $30,000. Salomon & Ludwin LLC acquired a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $31,000. Finally, Saudi Central Bank acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.0%

Shares of NYSE SHW opened at $330.72 on Tuesday. The company has a 50 day simple moving average of $352.74 and a 200 day simple moving average of $347.94. The firm has a market cap of $82.46 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 3.10 and a beta of 1.20. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $3.70 EPS. On average, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

SHW has been the topic of a number of research analyst reports. BMO Capital Markets reduced their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Mizuho reduced their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. UBS Group restated a “buy” rating and issued a $400.00 price target (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.