Kohmann Bosshard Financial Services LLC Has $1.23 Million Holdings in The Sherwin-Williams Company $SHW

Kohmann Bosshard Financial Services LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,571 shares of the specialty chemicals company’s stock after selling 149 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Sherwin-Williams were worth $1,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Journey Strategic Wealth LLC grew its holdings in shares of Sherwin-Williams by 55.3% during the 2nd quarter. Journey Strategic Wealth LLC now owns 1,786 shares of the specialty chemicals company’s stock valued at $613,000 after purchasing an additional 636 shares during the last quarter. Mediolanum International Funds Ltd boosted its position in Sherwin-Williams by 11.2% in the second quarter. Mediolanum International Funds Ltd now owns 111,323 shares of the specialty chemicals company’s stock valued at $38,487,000 after buying an additional 11,234 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Sherwin-Williams by 2.6% during the second quarter. Legal & General Group Plc now owns 1,495,944 shares of the specialty chemicals company’s stock worth $513,647,000 after buying an additional 37,850 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sherwin-Williams by 22.3% during the second quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after buying an additional 553,275 shares in the last quarter. Finally, DNB Asset Management AS increased its holdings in shares of Sherwin-Williams by 7.9% during the second quarter. DNB Asset Management AS now owns 72,973 shares of the specialty chemicals company’s stock worth $25,056,000 after buying an additional 5,338 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the business’s 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 transaction, the insider owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $337.05 on Friday. The stock’s 50 day moving average is $339.55 and its 200 day moving average is $348.23. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm has a market cap of $83.55 billion, a P/E ratio of 32.88, a P/E/G ratio of 3.26 and a beta of 1.21. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last released its quarterly 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. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup restated a “neutral” rating and set a $392.00 price objective (up previously from $380.00) on shares of Sherwin-Williams in a research report on Thursday, October 30th. Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Mizuho set a $400.00 price objective on Sherwin-Williams in a research note on Wednesday, October 29th. Wells Fargo & Company set a $410.00 target price on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Evercore ISI boosted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average 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.