Sageworth Trust Co Sells 536 Shares of The Sherwin-Williams Company $SHW

Sageworth Trust Co reduced its position in The Sherwin-Williams Company (NYSE:SHW) by 28.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,350 shares of the specialty chemicals company’s stock after selling 536 shares during the quarter. Sageworth Trust Co’s holdings in Sherwin-Williams were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SHW. Brighton Jones LLC boosted its position in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after purchasing an additional 655 shares during the period. NBC Securities Inc. boosted its position in shares of Sherwin-Williams by 172,500.0% in the first quarter. NBC Securities Inc. now owns 1,726 shares of the specialty chemicals company’s stock worth $602,000 after purchasing an additional 1,725 shares during the period. Merit Financial Group LLC boosted its position in shares of Sherwin-Williams by 232.7% in the first quarter. Merit Financial Group LLC now owns 3,916 shares of the specialty chemicals company’s stock worth $1,367,000 after purchasing an additional 2,739 shares during the period. ST Germain D J Co. Inc. bought a new position in shares of Sherwin-Williams in the first quarter worth approximately $65,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Sherwin-Williams by 122.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 5,594 shares of the specialty chemicals company’s stock worth $1,953,000 after purchasing an additional 3,077 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $341.58 on Thursday. The company has a market cap of $85.17 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.88 and a beta of 1.20. The firm’s fifty day moving average is $354.90 and its 200 day moving average is $348.41. 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 Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released 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 business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid 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 yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

Insiders Place Their Bets

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business’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 transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SHW shares. Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. Wells Fargo & Company lowered 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. lowered 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, UBS Group lowered their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $387.27.

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.