The Sherwin-Williams Company $SHW Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 0.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 442,931 shares of the specialty chemicals company’s stock after selling 1,606 shares during the quarter. Sherwin-Williams comprises about 1.7% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 24th biggest holding. Montrusco Bolton Investments Inc. owned about 0.18% of Sherwin-Williams worth $149,364,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SHW. Price T Rowe Associates Inc. MD lifted its position in shares of Sherwin-Williams by 21.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after purchasing an additional 1,505,341 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth about $265,510,000. Assenagon Asset Management S.A. lifted its position in shares of Sherwin-Williams by 601.0% during the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after purchasing an additional 719,965 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Sherwin-Williams by 223.1% during the first quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company’s stock worth $214,883,000 after purchasing an additional 424,930 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Sherwin-Williams by 367.9% during the first quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company’s stock worth $187,590,000 after purchasing an additional 422,410 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $332.51 on Monday. The firm has a market capitalization of $82.91 billion, a P/E ratio of 32.99, a P/E/G ratio of 2.76 and a beta of 1.20. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 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. The firm’s 50 day moving average is $355.02 and its two-hundred day moving average is $348.45.

Sherwin-Williams (NYSE:SHW) last announced its quarterly 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 company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SHW. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. Evercore ISI raised 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. Mizuho reduced their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Loop Capital reduced their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, BMO Capital Markets reduced their target price 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 analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $387.60.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the firm’s 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 transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This trade represents 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.

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.