Woodstock Corp Sells 55 Shares of The Sherwin-Williams Company $SHW

Woodstock Corp lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,280 shares of the specialty chemicals company’s stock after selling 55 shares during the quarter. Woodstock Corp’s holdings in Sherwin-Williams were worth $2,156,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the 4th quarter valued at approximately $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams during the 1st quarter valued at approximately $27,000. Synergy Investment Management LLC boosted its stake in Sherwin-Williams by 583.3% during 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 during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Sherwin-Williams during the 1st quarter valued at approximately $30,000. Finally, Saudi Central Bank bought a new stake in Sherwin-Williams during the 1st quarter valued at approximately $33,000. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

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

Sherwin-Williams Stock Down 0.7%

Shares of SHW opened at $357.48 on Tuesday. The firm has a market capitalization of $89.13 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 2.99 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The business’s fifty day moving average price is $354.48 and its two-hundred day moving average price is $349.07. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current 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 was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SHW shares. Mizuho decreased their target price on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Evercore ISI upped their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Citigroup cut their price target on Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $387.27.

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.