Penobscot Investment Management Company Inc. Buys 342 Shares of The Sherwin-Williams Company (NYSE:SHW)

Penobscot Investment Management Company Inc. lifted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,585 shares of the specialty chemicals company’s stock after purchasing an additional 342 shares during the period. Sherwin-Williams comprises 1.7% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 11th largest holding. Penobscot Investment Management Company Inc.’s holdings in Sherwin-Williams were worth $14,530,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Sherwin-Williams by 16.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after purchasing an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $38,444,000. Machina Capital S.A.S. grew its holdings in shares of Sherwin-Williams by 149.0% during the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after purchasing an additional 5,801 shares during the last quarter. AIA Group Ltd grew its holdings in shares of Sherwin-Williams by 20.8% during the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after purchasing an additional 2,810 shares during the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of Sherwin-Williams during the third quarter worth $4,517,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.4 %

Shares of Sherwin-Williams stock traded down $4.31 during trading hours on Tuesday, hitting $301.78. The company’s stock had a trading volume of 459,526 shares, compared to its average volume of 1,458,274. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37. The stock has a 50 day moving average of $327.99 and a 200 day moving average of $300.22. The company has a market capitalization of $76.79 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 2.46 and a beta of 1.15. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the company earned $2.04 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. Analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Analyst Upgrades and Downgrades

SHW has been the topic of several research reports. Royal Bank of Canada cut their price target on Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Citigroup cut their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Barclays upped their price target on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $341.39.

Insiders Place Their Bets

In related news, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 over the last ninety days. 0.60% of the stock is currently owned by corporate 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.