BSW Wealth Partners Sells 136 Shares of The Sherwin-Williams Company $SHW

BSW Wealth Partners trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 12.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 960 shares of the specialty chemicals company’s stock after selling 136 shares during the period. BSW Wealth Partners’ holdings in Sherwin-Williams were worth $329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. NBC Securities Inc. lifted its stake in Sherwin-Williams by 172,500.0% in the 1st quarter. NBC Securities Inc. now owns 1,726 shares of the specialty chemicals company’s stock valued at $602,000 after acquiring an additional 1,725 shares in the last quarter. Merit Financial Group LLC lifted its stake in Sherwin-Williams by 232.7% in the 1st quarter. Merit Financial Group LLC now owns 3,916 shares of the specialty chemicals company’s stock valued at $1,367,000 after acquiring an additional 2,739 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in Sherwin-Williams during the 1st quarter worth approximately $65,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Sherwin-Williams by 122.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,594 shares of the specialty chemicals company’s stock worth $1,953,000 after acquiring an additional 3,077 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHW. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI raised their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report 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 report on Wednesday, July 23rd. Finally, BMO Capital Markets dropped their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.27.

Sherwin-Williams Trading Up 0.8%

Shares of NYSE:SHW opened at $343.80 on Friday. 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. The company has a market capitalization of $85.72 billion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 2.84 and a beta of 1.20. The company has a 50-day simple moving average of $354.96 and a 200 day simple moving average of $348.41.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the company earned $3.70 EPS. Sherwin-Williams’s quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s payout ratio is currently 31.35%.

Insider Activity

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 transaction, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

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.