Thoroughbred Financial Services LLC Sells 7,190 Shares of The Sherwin-Williams Company $SHW

Thoroughbred Financial Services LLC cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 91.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 712 shares of the specialty chemicals company’s stock after selling 7,190 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Sherwin-Williams were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers raised its position in shares of Sherwin-Williams by 7.3% during the second quarter. Cetera Investment Advisers now owns 68,539 shares of the specialty chemicals company’s stock worth $23,534,000 after acquiring an additional 4,641 shares during the last quarter. Creative Planning increased its position in Sherwin-Williams by 9.9% during the 2nd quarter. Creative Planning now owns 60,339 shares of the specialty chemicals company’s stock valued at $20,718,000 after purchasing an additional 5,459 shares during the period. SG Americas Securities LLC increased its position in Sherwin-Williams by 77.2% during the 2nd quarter. SG Americas Securities LLC now owns 54,424 shares of the specialty chemicals company’s stock valued at $18,687,000 after purchasing an additional 23,708 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Sherwin-Williams by 6.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,544 shares of the specialty chemicals company’s stock worth $19,415,000 after purchasing an additional 3,556 shares during the last quarter. Finally, Wrapmanager Inc. acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $218,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $323.68 on Wednesday. The firm has a market capitalization of $80.24 billion, a P/E ratio of 31.58, a P/E/G ratio of 3.26 and a beta of 1.21. The firm’s 50-day moving average price is $341.40 and its 200-day moving average price is $348.66. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the previous year, the company posted $3.37 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on 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 trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Loop Capital decreased 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 report on Wednesday, July 23rd. Royal Bank Of Canada set a $405.00 target price on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. BMO Capital Markets decreased their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings lowered Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

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.