Sitrin Capital Management LLC Sells 1,639 Shares of The Sherwin-Williams Company $SHW

Sitrin Capital Management LLC reduced its stake in The Sherwin-Williams Company (NYSE:SHW) by 10.7% during the 2nd quarter, Holdings Channel reports. The firm owned 13,662 shares of the specialty chemicals company’s stock after selling 1,639 shares during the period. Sherwin-Williams makes up 2.4% of Sitrin Capital Management LLC’s holdings, making the stock its 26th biggest holding. Sitrin Capital Management LLC’s holdings in Sherwin-Williams were worth $4,691,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Valley National Advisers Inc. raised its position in shares of Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 34 shares during the period. Synergy Investment Management LLC increased its position in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at about $30,000. Saudi Central Bank acquired a new stake in shares of Sherwin-Williams in the first quarter valued at about $33,000. Finally, Flaharty Asset Management LLC acquired a new position in Sherwin-Williams during the first quarter worth approximately $33,000. 77.67% of the stock is currently owned by institutional investors.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams 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 transaction of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider 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. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SHW shares. UBS Group reissued a “buy” rating and set a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a research report on Monday. Bank of America upgraded 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 research note on Thursday, August 14th. BMO Capital Markets cut their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Evercore ISI boosted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company cut their target price on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. One research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $387.93.

Sherwin-Williams Stock Performance

NYSE SHW opened at $337.48 on Thursday. The company has a market capitalization of $84.14 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.80 and a beta of 1.20. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The stock has a fifty day simple moving average of $355.21 and a 200 day simple moving average of $348.53. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued 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 was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

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.