The Sherwin-Williams Company $SHW Stock Position Decreased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 29.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,359 shares of the specialty chemicals company’s stock after selling 45,243 shares during the period. Sequoia Financial Advisors LLC’s holdings in Sherwin-Williams were worth $36,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company’s stock worth $7,711,004,000 after purchasing an additional 245,896 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Sherwin-Williams by 21.0% during 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 in the last quarter. Alliancebernstein L.P. raised its stake in shares of Sherwin-Williams by 2.2% during the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock worth $1,539,652,000 after purchasing an additional 93,209 shares in the last quarter. PineStone Asset Management Inc. raised its stake in shares of Sherwin-Williams by 12.0% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company’s stock worth $577,222,000 after purchasing an additional 180,616 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Sherwin-Williams by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company’s stock worth $536,495,000 after purchasing an additional 64,325 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

SHW opened at $332.51 on Monday. The firm has a market capitalization of $82.91 billion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The stock’s 50 day moving average price is $355.02 and its two-hundred day moving average price is $348.45. The company has a quick ratio of 0.48, a current ratio of 0.78 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.

Sherwin-Williams (NYSE:SHW) last released its 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). The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $3.70 EPS. 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 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 31.35%.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the firm’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 sale, the chief accounting officer owned 377 shares of the company’s stock, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SHW. Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. JPMorgan Chase & Co. lowered their price objective on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Mizuho lowered their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Loop Capital lowered their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. One equities research 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $387.60.

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.