The Sherwin-Williams Company $SHW Shares Sold by Bingham Private Wealth LLC

Bingham Private Wealth LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,305 shares of the specialty chemicals company’s stock after selling 62 shares during the quarter. Bingham Private Wealth LLC’s holdings in Sherwin-Williams were worth $448,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. raised its stake in shares of Sherwin-Williams by 68.0% in 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 last quarter. Synergy Investment Management LLC increased its holdings in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams in the 1st quarter worth approximately $30,000. Saudi Central Bank purchased a new position in Sherwin-Williams during the 1st quarter worth approximately $33,000. Finally, Flaharty Asset Management LLC acquired a new stake in Sherwin-Williams during the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams 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 transaction, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets cut their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. UBS Group reiterated a “buy” rating and set a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday. JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Evercore ISI raised their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.93.

Sherwin-Williams Trading Down 2.8%

SHW stock opened at $336.93 on Tuesday. 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. The company’s 50-day simple moving average is $355.12 and its 200-day simple moving average is $348.70. The firm has a market cap of $84.01 billion, a P/E ratio of 33.43, a PEG ratio of 2.88 and a beta of 1.20.

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

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.79 dividend. 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 (DPR) is currently 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.