The Sherwin-Williams Company $SHW Shares Sold by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 55.0% in the 2nd quarter, Holdings Channel reports. The fund owned 1,889 shares of the specialty chemicals company’s stock after selling 2,311 shares during the period. Elevate Capital Advisors LLC’s holdings in Sherwin-Williams were worth $649,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Sherwin-Williams by 1.1% in the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company’s stock worth $7,711,004,000 after purchasing an additional 245,896 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after purchasing an additional 1,505,341 shares in the last quarter. Alliancebernstein L.P. grew its stake in Sherwin-Williams by 2.2% in the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock worth $1,539,652,000 after purchasing an additional 93,209 shares in the last quarter. PineStone Asset Management Inc. grew its stake in Sherwin-Williams by 12.0% in the second quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company’s stock worth $577,222,000 after purchasing an additional 180,616 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Sherwin-Williams by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company’s stock worth $536,495,000 after purchasing an additional 64,325 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research reports. Loop Capital decreased their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Citigroup cut their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Finally, BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.27.

Sherwin-Williams Stock Up 0.8%

Shares of SHW stock opened at $346.80 on Friday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The stock has a market cap of $86.47 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.86 and a beta of 1.20. The business’s fifty day moving average is $355.10 and its 200-day moving average is $348.49. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

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

Sherwin-Williams Announces Dividend

The business also recently declared 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. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s payout ratio is currently 31.35%.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was 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 approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is 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.