First Pacific Financial Reduces Position in The Sherwin-Williams Company $SHW

First Pacific Financial cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,817 shares of the specialty chemicals company’s stock after selling 184 shares during the quarter. First Pacific Financial’s holdings in Sherwin-Williams were worth $967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SHW. Perkins Coie Trust Co purchased a new position in shares of Sherwin-Williams during the first quarter worth about $27,000. Synergy Investment Management LLC boosted its stake in Sherwin-Williams by 583.3% in the first 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 in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams in the first quarter worth about $30,000. Saudi Central Bank purchased a new position in shares of Sherwin-Williams in the first quarter worth about $33,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Sherwin-Williams in the first quarter worth about $33,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of the 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 in the company, valued at approximately $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 Price Performance

NYSE SHW opened at $346.32 on Wednesday. The company has a market capitalization of $86.35 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 2.85 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The business’s fifty day moving average is $354.93 and its 200 day moving average is $348.45. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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 firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the company earned $3.70 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company 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 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SHW. Loop Capital dropped their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company lowered their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Evercore ISI raised their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Finally, Citigroup lowered their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $387.27.

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.