Park National Corp OH Sells 698 Shares of The Sherwin-Williams Company (NYSE:SHW)

Park National Corp OH lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,987 shares of the specialty chemicals company’s stock after selling 698 shares during the quarter. Park National Corp OH’s holdings in Sherwin-Williams were worth $2,427,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. First United Bank & Trust purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $31,000. Tortoise Investment Management LLC boosted its position in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 65 shares during the period. McGlone Suttner Wealth Management Inc. bought a new stake in Sherwin-Williams during the 4th quarter worth approximately $35,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at $36,000. Finally, Tompkins Financial Corp increased its holdings in shares of Sherwin-Williams by 1,533.3% in the third quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.9 %

NYSE SHW opened at $300.19 on Wednesday. The business’s 50-day moving average is $307.42 and its 200 day moving average is $313.03. The stock has a market capitalization of $76.11 billion, a PE ratio of 32.00, a PEG ratio of 2.43 and a beta of 1.17. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted its 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 net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the firm posted $2.04 earnings per share. Sherwin-Williams’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts forecast that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SHW shares. Citigroup decreased their target price 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. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. BMO Capital Markets decreased their price target on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Robert W. Baird lifted their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada reduced their target price 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $343.41.

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.