Stillwater Capital Advisors LLC Decreases Position in The Sherwin-Williams Company $SHW

Stillwater Capital Advisors LLC cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,471 shares of the specialty chemicals company’s stock after selling 159 shares during the quarter. Stillwater Capital Advisors LLC’s holdings in Sherwin-Williams were worth $1,192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Park Square Financial Group LLC purchased a new position in Sherwin-Williams in the 4th quarter worth approximately $27,000. Perkins Coie Trust Co purchased a new position in Sherwin-Williams in the 1st quarter worth approximately $27,000. Synergy Investment Management LLC lifted its stake in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams in the 1st quarter worth approximately $30,000. Finally, Saudi Central Bank purchased a new position in Sherwin-Williams in the 1st quarter worth approximately $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SHW. Citigroup decreased their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Mizuho decreased their target price 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. JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Loop Capital cut their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, UBS Group cut their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a “buy” 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 assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $387.27.

Sherwin-Williams Stock Up 0.6%

Shares of NYSE SHW opened at $342.05 on Friday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year 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 has a 50 day simple moving average of $354.82 and a 200-day simple moving average of $348.43. The company has a market capitalization of $85.28 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.83 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the business posted $3.70 EPS. The firm’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. On average, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is 31.35%.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on 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 owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 owned 377 shares of the company’s stock, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

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.