Cigna Investments Inc. New Sells 60 Shares of The Sherwin-Williams Company $SHW

Cigna Investments Inc. New trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,305 shares of the specialty chemicals company’s stock after selling 60 shares during the quarter. Cigna Investments Inc. New’s holdings in Sherwin-Williams were worth $791,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Moors & Cabot Inc. lifted its position in shares of Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after buying an additional 39 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Sherwin-Williams in the 1st quarter valued at $515,000. Kingswood Wealth Advisors LLC raised its holdings in Sherwin-Williams by 25.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock valued at $352,000 after acquiring an additional 201 shares in the last quarter. Sowell Financial Services LLC acquired a new position in Sherwin-Williams in the 1st quarter valued at $306,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in Sherwin-Williams by 18.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock valued at $308,000 after acquiring an additional 137 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the stock in a transaction 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 in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction 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 in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $342.68 on Thursday. The company has a market cap of $85.44 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.86 and a beta of 1.18. 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 business has a 50 day moving average price of $354.76 and a 200-day moving average price of $348.63. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week 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 the consensus estimate of $3.76 by ($0.38). The business 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 business’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities 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 announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date was Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 31.35%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. BMO Capital Markets cut their price target 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. Loop Capital reduced their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company reduced their price target on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Finally, Evercore ISI boosted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $387.27.

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.