Brighton Jones LLC Sells 136 Shares of The Sherwin-Williams Company $SHW

Brighton Jones LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.9% in the second quarter, Holdings Channel reports. The fund owned 1,592 shares of the specialty chemicals company’s stock after selling 136 shares during the quarter. Brighton Jones LLC’s holdings in Sherwin-Williams were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHW. Price T Rowe Associates Inc. MD grew its position 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 valued at $3,023,126,000 after acquiring an additional 1,505,341 shares during the period. Nuveen LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter valued at approximately $265,510,000. Assenagon Asset Management S.A. lifted its stake in shares of Sherwin-Williams by 601.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock valued at $288,339,000 after buying an additional 719,965 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Sherwin-Williams by 223.1% during the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company’s stock valued at $214,883,000 after buying an additional 424,930 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Sherwin-Williams by 367.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company’s stock valued at $187,590,000 after buying an additional 422,410 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

NYSE SHW opened at $345.35 on Thursday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.48. The stock has a market capitalization of $86.11 billion, a PE ratio of 33.69, a P/E/G ratio of 3.33 and a beta of 1.20. The company’s 50 day simple moving average is $349.18 and its two-hundred day simple moving average is $348.52.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the prior year, the company posted $3.37 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a $0.79 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio is currently 31.35%.

Analysts Set New Price Targets

A number of brokerages recently commented on SHW. Mizuho set a $400.00 price target on shares of Sherwin-Williams in a research note on Wednesday. Evercore ISI upped their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday. UBS Group restated a “buy” rating and set a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday. Finally, Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $390.07.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were 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 in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The SEC filing for this sale provides additional information. Company 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.