The Sherwin-Williams Company $SHW Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,956 shares of the specialty chemicals company’s stock after selling 602 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Sherwin-Williams were worth $1,702,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cyndeo Wealth Partners LLC boosted its holdings in Sherwin-Williams by 1.9% in the second quarter. Cyndeo Wealth Partners LLC now owns 10,514 shares of the specialty chemicals company’s stock worth $3,610,000 after purchasing an additional 193 shares during the period. Stiles Financial Services Inc boosted its holdings in Sherwin-Williams by 2.9% in the second quarter. Stiles Financial Services Inc now owns 6,248 shares of the specialty chemicals company’s stock worth $2,146,000 after purchasing an additional 178 shares during the period. Callan Family Office LLC boosted its holdings in Sherwin-Williams by 426.0% in the second quarter. Callan Family Office LLC now owns 9,142 shares of the specialty chemicals company’s stock worth $3,139,000 after purchasing an additional 7,404 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new position in Sherwin-Williams in the second quarter worth $182,000. Finally, Copperwynd Financial LLC boosted its holdings in shares of Sherwin-Williams by 2.2% during the second quarter. Copperwynd Financial LLC now owns 3,019 shares of the specialty chemicals company’s stock valued at $1,037,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

SHW stock opened at $332.51 on Friday. The company has a market capitalization of $82.90 billion, a P/E ratio of 32.99, a PEG ratio of 2.77 and a beta of 1.20. The company has a 50-day simple moving average of $355.02 and a 200 day simple moving average of $348.40. 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 quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the company posted $3.70 earnings per share. Sherwin-Williams’s revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on SHW shares. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday. Loop Capital lowered their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Citigroup restated a “neutral” rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research report on Monday. JPMorgan Chase & Co. lowered their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Evercore ISI upped their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $387.60.

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.