Atria Investments Inc Cuts Stake in The Sherwin-Williams Company $SHW

Atria Investments Inc trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 5.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,152 shares of the specialty chemicals company’s stock after selling 1,381 shares during the quarter. Atria Investments Inc’s holdings in Sherwin-Williams were worth $8,979,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Valley National Advisers Inc. grew its stake in shares of Sherwin-Williams by 68.0% during 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 boosted its holdings in Sherwin-Williams by 583.3% in 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 during the last quarter. Salomon & Ludwin LLC purchased a new stake in Sherwin-Williams during the second quarter valued at about $31,000. Saudi Central Bank acquired a new stake in Sherwin-Williams during the first quarter worth about $33,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SHW. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup restated a “neutral” rating and issued a $392.00 price target (up previously from $380.00) on shares of Sherwin-Williams in a report on Thursday. Loop Capital decreased 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. Evercore ISI increased their price objective 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. Finally, Mizuho set a $400.00 target price on shares of Sherwin-Williams in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $390.87.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company’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 value 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 document filed with the SEC, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

SHW opened at $347.40 on Friday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The firm has a market cap of $86.62 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 3.26 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11. The company has a fifty day simple moving average of $348.85 and a 200 day simple moving average of $348.51.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.83%.

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.