Calamos Advisors LLC Sells 6,253 Shares of The Sherwin-Williams Company $SHW

Calamos Advisors LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 141,199 shares of the specialty chemicals company’s stock after selling 6,253 shares during the period. Calamos Advisors LLC’s holdings in Sherwin-Williams were worth $48,482,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in SHW. Valley National Advisers Inc. grew its stake in shares of Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 34 shares during the period. Salomon & Ludwin LLC bought a new position in Sherwin-Williams during the second quarter worth about $31,000. Saudi Central Bank acquired a new position in shares of Sherwin-Williams during the 1st quarter worth about $33,000. Flaharty Asset Management LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $33,000. Finally, Anderson Financial Strategies LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHW. BMO Capital Markets decreased their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Bank of America decreased their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. UBS Group restated a “buy” rating and issued a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Evercore ISI lifted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Finally, Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the company’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 owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Down 0.1%

Sherwin-Williams stock opened at $344.70 on Thursday. 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 Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company has a fifty day simple moving average of $344.46 and a 200 day simple moving average of $349.19. The company has a market cap of $85.45 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last posted 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 company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Sherwin-Williams 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.