The Sherwin-Williams Company $SHW Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,044 shares of the specialty chemicals company’s stock after selling 1,646 shares during the period. iA Global Asset Management Inc.’s holdings in Sherwin-Williams were worth $27,827,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Synergy Investment Management LLC lifted its position in shares of Sherwin-Williams by 583.3% during the 1st 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 during the last quarter. Valley National Advisers Inc. lifted its position in shares of Sherwin-Williams by 68.0% during the 2nd 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 during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth $31,000. Saudi Central Bank purchased a new stake in shares of Sherwin-Williams during the 1st quarter worth $33,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Sherwin-Williams during the 1st quarter worth $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SHW shares. Loop Capital decreased their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. Mizuho set a $400.00 price target on shares of Sherwin-Williams in a research report on Wednesday. Citigroup reissued a “neutral” rating and issued a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a research report on Thursday. Finally, Weiss Ratings reissued 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 assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the company’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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $344.86 on Friday. The company has a 50-day simple moving average of $348.29 and a 200-day simple moving average of $348.62. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. 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 stock has a market capitalization of $85.98 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 3.26 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the prior year, the company earned $3.37 earnings per share. The business’s revenue 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. On average, analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

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.