The Sherwin-Williams Company $SHW Stock Position Cut by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 51.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 634 shares of the specialty chemicals company’s stock after selling 666 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Sherwin-Williams were worth $218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHW. Brighton Jones LLC boosted its position in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of Sherwin-Williams by 60.1% during the 1st quarter. Capital Investment Advisors LLC now owns 1,180 shares of the specialty chemicals company’s stock valued at $412,000 after purchasing an additional 443 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Sherwin-Williams during the 1st quarter valued at about $359,000. Wesbanco Bank Inc. boosted its position in shares of Sherwin-Williams by 6.5% during the 1st quarter. Wesbanco Bank Inc. now owns 1,828 shares of the specialty chemicals company’s stock valued at $638,000 after purchasing an additional 112 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Sherwin-Williams by 74.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,769 shares of the specialty chemicals company’s stock valued at $2,373,000 after purchasing an additional 2,887 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

NYSE SHW opened at $337.48 on Thursday. The company has a 50 day simple moving average of $355.21 and a 200-day simple moving average of $348.53. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The firm has a market capitalization of $84.14 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

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 analysts’ consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SHW shares. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets reduced their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Finally, Loop Capital reduced 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 equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.93.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were 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 of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the company’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 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 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.