The Sherwin-Williams Company $SHW Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 29.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 107,359 shares of the specialty chemicals company’s stock after selling 45,243 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Sherwin-Williams were worth $36,863,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted 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 worth $3,148,000 after acquiring an additional 39 shares during the period. Ransom Advisory Ltd acquired a new position in Sherwin-Williams during the 1st quarter worth $515,000. Kingswood Wealth Advisors LLC boosted its position in Sherwin-Williams by 25.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock worth $352,000 after acquiring an additional 201 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at $306,000. Finally, Moody Lynn & Lieberson LLC lifted its holdings in shares of Sherwin-Williams by 138.0% in 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 buying an additional 11,828 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $296.00 to $375.00 in a report on Thursday, August 14th. BMO Capital Markets cut their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price objective on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Mizuho cut their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Finally, Loop Capital cut their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus price target of $387.60.

Sherwin-Williams Trading Down 0.2%

Shares of NYSE SHW opened at $332.51 on Monday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a market cap of $82.91 billion, a price-to-earnings ratio of 32.99, a P/E/G ratio of 2.76 and a beta of 1.20. 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 business has a fifty day simple moving average of $355.02 and a 200-day simple moving average of $348.45.

Sherwin-Williams (NYSE:SHW) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the prior year, the company earned $3.70 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value 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 approximately $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the 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 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 disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate 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.