Gradient Investments LLC Has $1.11 Million Stake in The Sherwin-Williams Company $SHW

Gradient Investments LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,237 shares of the specialty chemicals company’s stock after selling 134 shares during the period. Gradient Investments LLC’s holdings in Sherwin-Williams were worth $1,111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SHW. Brighton Jones LLC increased its holdings in Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares during the period. Tang Capital Management LLC increased its holdings in Sherwin-Williams by 351.8% in the fourth quarter. Tang Capital Management LLC now owns 2,765 shares of the specialty chemicals company’s stock valued at $940,000 after purchasing an additional 2,153 shares during the period. Strategic Wealth Partners Ltd. increased its holdings in Sherwin-Williams by 4.2% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 1,424 shares of the specialty chemicals company’s stock valued at $514,000 after purchasing an additional 57 shares during the period. State of Wyoming increased its holdings in Sherwin-Williams by 143.0% in the fourth quarter. State of Wyoming now owns 678 shares of the specialty chemicals company’s stock valued at $230,000 after purchasing an additional 399 shares during the period. Finally, Twinbeech Capital LP increased its holdings in Sherwin-Williams by 148.3% in the fourth quarter. Twinbeech Capital LP now owns 210,109 shares of the specialty chemicals company’s stock valued at $71,422,000 after purchasing an additional 125,496 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sherwin-Williams

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

Analyst Ratings Changes

Several research firms recently issued reports on SHW. Citigroup dropped their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Evercore ISI boosted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. UBS Group dropped their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus price target of $387.27.

Sherwin-Williams Trading Down 0.7%

SHW opened at $357.48 on Tuesday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week 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. The company’s 50-day moving average is $354.48 and its 200 day moving average is $349.07. The firm has a market capitalization of $89.13 billion, a PE ratio of 35.46, a P/E/G ratio of 2.99 and a beta of 1.18.

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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the company posted $3.70 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

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.