Weatherly Asset Management L. P. Lowers Position in The Sherwin-Williams Company $SHW

Weatherly Asset Management L. P. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,160 shares of the specialty chemicals company’s stock after selling 115 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Sherwin-Williams were worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after buying an additional 655 shares in the last quarter. State of Wyoming boosted its stake in shares of Sherwin-Williams by 143.0% during 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 in the last quarter. Woodline Partners LP bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $4,730,000. Waverly Advisors LLC lifted its position in Sherwin-Williams by 124.1% during the fourth quarter. Waverly Advisors LLC now owns 2,754 shares of the specialty chemicals company’s stock valued at $936,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Vise Technologies Inc. lifted its position in Sherwin-Williams by 17.8% during the fourth quarter. Vise Technologies Inc. now owns 6,127 shares of the specialty chemicals company’s stock valued at $2,083,000 after acquiring an additional 927 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 0.8%

Shares of Sherwin-Williams stock opened at $346.78 on Friday. 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 Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The business’s 50 day simple moving average is $354.55 and its 200 day simple moving average is $349.00. The firm has a market cap of $86.46 billion, a PE ratio of 34.40, a P/E/G ratio of 2.90 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). The business had revenue of $6.31 billion for 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 revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.70 EPS. 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 fiscal year.

Sherwin-Williams Announces Dividend

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

Wall Street Analysts Forecast Growth

SHW has been the topic of several research analyst reports. 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 research report on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $296.00 to $375.00 in a report on Thursday, August 14th. Evercore ISI upped their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Mizuho lowered their price objective 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. Finally, BMO Capital Markets cut their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.27.

Insiders Place Their Bets

In other news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value 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 approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the 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 sale, 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. Corporate insiders own 0.60% of the company’s stock.

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.