Conning Inc. Trims Stake in The Sherwin-Williams Company $SHW

Conning Inc. trimmed its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,507 shares of the specialty chemicals company’s stock after selling 32 shares during the quarter. Conning Inc.’s holdings in Sherwin-Williams were worth $517,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Opal Wealth Advisors LLC lifted its stake in shares of Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company’s stock valued at $276,000 after buying an additional 32 shares during the period. Nicolet Advisory Services LLC raised its holdings in Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock valued at $362,000 after acquiring an additional 33 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Sherwin-Williams by 1.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company’s stock worth $927,000 after purchasing an additional 33 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Sherwin-Williams by 41.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 33 shares during the last quarter. Finally, Beacon Financial Group grew its position in shares of Sherwin-Williams by 5.1% in the second quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company’s stock valued at $235,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHW. Mizuho decreased their price target on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. Evercore ISI lifted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Finally, Loop Capital lowered 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 note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.60.

Sherwin-Williams Stock Down 0.2%

Shares of Sherwin-Williams stock opened at $332.51 on Friday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The stock has a market cap of $82.90 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.77 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a fifty day moving average price of $355.02 and a 200 day moving average price of $348.43.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the business earned $3.70 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 1.0%. Sherwin-Williams’s payout ratio is 31.35%.

Insiders Place Their Bets

In other news, CAO James P. Lang sold 860 shares of the firm’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 completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.