The Sherwin-Williams Company $SHW Stake Trimmed by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,116 shares of the specialty chemicals company’s stock after selling 951 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Sherwin-Williams were worth $6,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. increased its stake 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 worth $28,000 after purchasing an additional 34 shares in the last quarter. Synergy Investment Management LLC increased its stake in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams in the 1st quarter worth about $30,000. Saudi Central Bank purchased a new position in Sherwin-Williams in the 1st quarter worth about $33,000. Finally, Flaharty Asset Management LLC purchased a new position in 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

Several equities analysts have weighed in on SHW shares. BMO Capital Markets lowered their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI lifted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Mizuho lowered their target price on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Finally, UBS Group reaffirmed a “buy” rating and set a $400.00 target price (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $387.13.

Sherwin-Williams Trading Down 0.3%

Shares of NYSE SHW opened at $331.64 on Friday. The stock has a market cap of $82.69 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 3.12 and a beta of 1.20. The business has a 50 day simple moving average of $353.64 and a 200 day simple moving average of $348.08. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the business’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 directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.