Cypress Capital Group Has $2.04 Million Holdings in The Sherwin-Williams Company $SHW

Cypress Capital Group trimmed its position in The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,940 shares of the specialty chemicals company’s stock after selling 40 shares during the period. Cypress Capital Group’s holdings in Sherwin-Williams were worth $2,040,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after acquiring an additional 1,505,341 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Sherwin-Williams in the first quarter valued at $265,510,000. Assenagon Asset Management S.A. boosted its position in shares of Sherwin-Williams by 601.0% in the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after buying an additional 719,965 shares during the period. National Bank of Canada FI grew its holdings in shares of Sherwin-Williams by 223.1% during the first quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company’s stock valued at $214,883,000 after buying an additional 424,930 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in Sherwin-Williams by 367.9% during the first quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company’s stock valued at $187,590,000 after buying an additional 422,410 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on SHW shares. JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” 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, October 8th. Wells Fargo & Company set a $395.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday. Evercore ISI lifted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Finally, Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $296.00 to $375.00 in a report on Thursday, August 14th. 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 company. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $387.60.

Sherwin-Williams Price Performance

NYSE SHW opened at $332.51 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $82.91 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a 50 day moving average price of $355.02 and a two-hundred day moving average price of $348.45.

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

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling

In other news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares of the company’s stock, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company’s stock, valued at $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. 0.60% of the stock is currently owned by company insiders.

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.