Sequoia Financial Advisors LLC Cuts Stock Position in The Sherwin-Williams Company $SHW

Sequoia Financial Advisors LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 50.6% in the second quarter, HoldingsChannel.com reports. The fund owned 68,554 shares of the specialty chemicals company’s stock after selling 70,344 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sherwin-Williams were worth $23,605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wilkerson Advisory Group LLC increased its stake in shares of Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at approximately $28,000. Montgomery Financial Services LLC purchased a new position in shares of Sherwin-Williams in the second quarter valued at approximately $29,000. Finally, Tacita Capital Inc acquired a new stake in shares of Sherwin-Williams in the second quarter worth approximately $30,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 13,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the sale, the insider owned 21,937 shares in the company, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karl Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Berenberg Bank set a $380.00 target price on shares of Sherwin-Williams in a report on Monday, June 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 target price (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $386.29.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $320.72 on Thursday. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77. The company has a market cap of $77.86 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 2.43 and a beta of 1.09. The business’s 50 day moving average price is $342.00 and its 200 day moving average price is $330.10. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the previous year, the company posted $3.38 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12.08 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 29.49%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.