Smith Shellnut Wilson LLC ADV Lowers Holdings in The Sherwin-Williams Company $SHW

Smith Shellnut Wilson LLC ADV decreased its stake in The Sherwin-Williams Company (NYSE:SHW) by 20.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,330 shares of the specialty chemicals company’s stock after selling 347 shares during the quarter. Smith Shellnut Wilson LLC ADV’s holdings in Sherwin-Williams were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Synergy Investment Management LLC boosted its position in Sherwin-Williams by 583.3% during the first 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. Valley National Advisers Inc. boosted its position in 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 in the last quarter. Salomon & Ludwin LLC purchased a new position in Sherwin-Williams during the second quarter worth approximately $31,000. Saudi Central Bank purchased a new position in Sherwin-Williams during the first quarter worth approximately $33,000. Finally, Flaharty Asset Management LLC purchased a new position in Sherwin-Williams during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the 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 completion of the sale, the chief accounting officer owned 377 shares of the company’s stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred on 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 directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $344.86 on Friday. The business has a 50 day simple moving average of $348.29 and a two-hundred day simple moving average of $348.62. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The stock has a market capitalization of $85.98 billion, a P/E ratio of 33.64, a PEG ratio of 3.26 and a beta of 1.20. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter last year, the firm earned $3.37 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 EPS 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. Investors of record on Friday, November 14th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SHW shares. BMO Capital Markets lowered their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group reiterated a “buy” rating and set a $422.00 price target (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $390.87.

Sherwin-Williams Company 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.