Ameritas Advisory Services LLC Sells 1,211 Shares of The Sherwin-Williams Company $SHW

Ameritas Advisory Services LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 61.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 758 shares of the specialty chemicals company's stock after selling 1,211 shares during the quarter. Ameritas Advisory Services LLC's holdings in Sherwin-Williams were worth $260,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC raised its holdings in Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after buying an additional 32 shares during the last quarter. Nicolet Advisory Services LLC raised its holdings in Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock valued at $362,000 after buying an additional 33 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Sherwin-Williams by 41.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock valued at $39,000 after buying an additional 33 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Sherwin-Williams by 1.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock worth $927,000 after purchasing an additional 33 shares during the last quarter. Finally, Beacon Financial Group raised its holdings in Sherwin-Williams by 5.1% during the 2nd quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company's stock worth $235,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $336.51 on Wednesday. The firm has a market capitalization of $83.90 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20. The firm has a fifty day simple moving average of $355.10 and a two-hundred day simple moving average of $348.61. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 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 the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams's payout ratio is 31.35%.

Analysts Set New Price Targets

SHW has been the subject of several analyst reports. Mizuho lowered their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Loop Capital lowered their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. UBS Group restated a "buy" rating and set a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday. BMO Capital Markets lowered their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lowered their price target 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. 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 stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $387.93.

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 completion of the sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 sale, the insider owned 17,922 shares of the company's stock, 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.

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.

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