Kohmann Bosshard Financial Services LLC Sells 149 Shares of The Sherwin-Williams Company $SHW

Kohmann Bosshard Financial Services LLC lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,571 shares of the specialty chemicals company’s stock after selling 149 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Sherwin-Williams were worth $1,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MTM Investment Management LLC acquired a new position in shares of Sherwin-Williams during the second quarter valued at about $26,000. Valley National Advisers Inc. grew its stake in shares of 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. Salomon & Ludwin LLC bought a new stake in Sherwin-Williams in the 2nd quarter valued at about $31,000. Saudi Central Bank acquired a new position in Sherwin-Williams during the 1st quarter worth approximately $33,000. Finally, Flaharty Asset Management LLC bought a new position in Sherwin-Williams in the first quarter worth approximately $33,000. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on SHW shares. Royal Bank Of Canada set a $405.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup restated a “neutral” rating and set a $392.00 price target (up previously from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Finally, UBS Group reaffirmed a “buy” rating and issued a $422.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.87.

Sherwin-Williams Trading Up 2.8%

Shares of Sherwin-Williams stock opened at $337.05 on Friday. The company has a market capitalization of $83.55 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. The stock has a fifty day simple moving average of $339.55 and a 200 day simple moving average of $348.23. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (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 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 business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling

In other Sherwin-Williams news, 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 in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.