Westwood Holdings Group Inc. Cuts Stock Position in The Sherwin-Williams Company $SHW

Westwood Holdings Group Inc. decreased its position in The Sherwin-Williams Company (NYSE:SHW) by 10.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,970 shares of the specialty chemicals company’s stock after selling 2,009 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Sherwin-Williams were worth $5,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Moors & Cabot Inc. increased its position in Sherwin-Williams by 0.4% during the 1st 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 in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in Sherwin-Williams by 95.8% in the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after acquiring an additional 38,228 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Sherwin-Williams in the first quarter worth $515,000. Moody Lynn & Lieberson LLC increased its holdings in shares of Sherwin-Williams by 138.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after acquiring an additional 11,828 shares in the last quarter. Finally, Lindenwold Advisors INC purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth about $1,303,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of the stock in a transaction on 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 $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Down 2.0%

Shares of Sherwin-Williams stock opened at $332.11 on Friday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The company’s fifty day simple moving average is $343.11 and its 200-day simple moving average is $349.13. 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 $82.33 billion, a PE ratio of 32.40, a P/E/G ratio of 3.26 and a beta of 1.21.

Sherwin-Williams (NYSE:SHW) last released its 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 company 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%.Sherwin-Williams’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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 given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bank of America reduced their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Loop Capital reduced their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $390.87.

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.