Stratos Wealth Advisors LLC Reduces Stock Position in The Sherwin-Williams Company $SHW

Stratos Wealth Advisors LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW) by 50.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,944 shares of the specialty chemicals company’s stock after selling 3,041 shares during the period. Stratos Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Valley National Advisers Inc. boosted its position in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 34 shares during the period. Synergy Investment Management LLC raised its stake in shares of Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $30,000. Saudi Central Bank bought a new position in Sherwin-Williams in the first quarter worth approximately $33,000. Finally, Flaharty Asset Management LLC purchased a new position in Sherwin-Williams during the 1st quarter worth $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SHW. Wells Fargo & Company set a $395.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a report on Friday, October 10th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Loop Capital dropped 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. Citigroup restated a “neutral” rating and issued a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Finally, Mizuho dropped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus price target of $387.13.

Sherwin-Williams Stock Performance

SHW stock opened at $330.99 on Friday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm has a market cap 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 company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The firm has a 50-day simple moving average of $353.22 and a two-hundred day simple moving average of $347.90.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data 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 return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the firm earned $3.70 EPS. The firm’s quarterly revenue 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 analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction dated 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 directly owned 377 shares of the company’s stock, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Justin T. Binns sold 609 shares of the 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 owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This trade represents a 3.29% 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.

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.