Quotient Wealth Partners LLC Lowers Stock Position in The Sherwin-Williams Company $SHW

Quotient Wealth Partners LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,219 shares of the specialty chemicals company’s stock after selling 61 shares during the period. Quotient Wealth Partners LLC’s holdings in Sherwin-Williams were worth $418,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SHW. Price T Rowe Associates Inc. MD lifted its position in shares of Sherwin-Williams by 21.0% in the 1st 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 during the period. Nuveen LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $265,510,000. Assenagon Asset Management S.A. raised its stake in shares of Sherwin-Williams by 601.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after acquiring an additional 719,965 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Sherwin-Williams by 223.1% during the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company’s stock worth $214,883,000 after acquiring an additional 424,930 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in shares of Sherwin-Williams by 367.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company’s stock worth $187,590,000 after acquiring an additional 422,410 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of several recent analyst reports. Wells Fargo & Company set a $395.00 price objective on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research note on Friday, October 10th. Citigroup reiterated a “neutral” rating and set a $380.00 price objective (up previously from $375.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. UBS Group reiterated a “buy” rating and set a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Loop Capital reduced their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $387.13.

Insiders Place Their Bets

In other news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The stock was 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. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Trading Down 0.1%

Shares of Sherwin-Williams stock opened at $330.99 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The firm has a market capitalization of $82.53 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.10 and a beta of 1.20. The firm’s 50 day simple moving average is $353.22 and its two-hundred day simple moving average is $347.90.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) 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 company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the previous year, the company posted $3.70 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

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.