Ashton Thomas Securities LLC Reduces Holdings in The Sherwin-Williams Company $SHW

Key Points

• Ashton Thomas Securities LLC reduced its holdings in The Sherwin-Williams Company by 69.3%, owning only 684 shares after selling 1,544 shares in the first quarter, valued at approximately $240,000.
• Major institutional investors like GAMMA Investing LLC and Price T Rowe Associates Inc. MD significantly increased their holdings, with GAMMA's position rising by over 41,000% to 1.6 million shares worth $571 million.
• The Sherwin-Williams Company announced a quarterly dividend of $0.79 per share, with a dividend yield of 0.9%, set to be paid on September 5th to stockholders of record on August 15th.

Ashton Thomas Securities LLC decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 69.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 684 shares of the specialty chemicals company's stock after selling 1,544 shares during the quarter. Ashton Thomas Securities LLC's holdings in Sherwin-Williams were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after purchasing an additional 32 shares during the period. Nicolet Advisory Services LLC raised its position 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 worth $362,000 after buying an additional 33 shares during the last quarter. YANKCOM Partnership raised its position in Sherwin-Williams by 8.8% in the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after buying an additional 34 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of Sherwin-Williams by 4.9% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock valued at $264,000 after purchasing an additional 35 shares during the period. Finally, Zhang Financial LLC grew its stake in shares of Sherwin-Williams by 2.2% during the 1st quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock valued at $592,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho dropped their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price target for the company from $296.00 to $375.00 in a report on Thursday, August 14th. Wells Fargo & Company decreased their price target on 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. reduced 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 price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on 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 directly owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded up $6.61 on Friday, reaching $372.39. 3,066,956 shares of the stock were exchanged, compared to its average volume of 1,813,914. 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 twelve month low of $308.84 and a twelve month high of $400.42. The firm has a market capitalization of $92.85 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 3.04 and a beta of 1.18. The business has a 50 day moving average price of $352.81 and a two-hundred day moving average price of $348.67.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the firm posted $3.70 earnings per share. The company's revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued 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 0.8%. Sherwin-Williams's payout ratio is presently 31.35%.

Sherwin-Williams Company 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.