Smith Shellnut Wilson LLC ADV Sells 347 Shares of The Sherwin-Williams Company $SHW

Smith Shellnut Wilson LLC ADV trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 20.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,330 shares of the specialty chemicals company’s stock after selling 347 shares during the period. Smith Shellnut Wilson LLC ADV’s holdings in Sherwin-Williams were worth $457,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Valley National Advisers Inc. raised its position in shares of 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 acquiring an additional 34 shares in the last quarter. Synergy Investment Management LLC raised its position in shares of 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 acquiring an additional 70 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Sherwin-Williams in the 2nd quarter worth $31,000. Saudi Central Bank bought a new position in shares of Sherwin-Williams in the 1st quarter worth $33,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Sherwin-Williams in the 1st quarter worth $33,000. 77.67% of the stock is owned by institutional investors.

Insider Activity

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business’s 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 sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Down 0.9%

Sherwin-Williams stock opened at $344.86 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The business’s 50-day simple moving average is $348.29 and its two-hundred day simple moving average is $348.62. The company has a market cap of $85.98 billion, a PE ratio of 33.64, a PEG ratio of 3.26 and a beta of 1.20. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42.

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

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s payout ratio is presently 30.83%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHW. JPMorgan Chase & Co. boosted 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. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday. Loop Capital reduced their target price 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. BMO Capital Markets reduced their target price 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $390.87.

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.