The Sherwin-Williams Company $SHW Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. reduced its stake in The Sherwin-Williams Company by 0.7%, owning 351,555 shares worth approximately $122.76 million after selling 2,510 shares in Q1.
• Insider trading activity included Justin T. Binns selling 609 shares for $224,611, representing a 3.29% decrease in his ownership, while Chief Accounting Officer James P. Lang sold 860 shares, reducing his holdings by 69.52%.
• Analysts lowered target prices for Sherwin-Williams, with JPMorgan and UBS setting new targets at $378.00 and $395.00 respectively, while the stock currently holds an average rating of "Moderate Buy".

Baird Financial Group Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 351,555 shares of the specialty chemicals company's stock after selling 2,510 shares during the period. Baird Financial Group Inc. owned approximately 0.14% of Sherwin-Williams worth $122,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC lifted its holdings in shares of 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 period. Nicolet Advisory Services LLC boosted 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 purchasing an additional 33 shares in the last quarter. YANKCOM Partnership grew its stake in shares of Sherwin-Williams by 8.8% during the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after purchasing an additional 34 shares during the period. Kornitzer Capital Management Inc. KS increased its holdings 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 in the last quarter. Finally, Zhang Financial LLC lifted its stake in shares of Sherwin-Williams by 2.2% in the 1st quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock valued at $592,000 after purchasing an additional 36 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHW has been the topic of several recent analyst reports. Mizuho lowered their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI increased their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Wells Fargo & Company cut their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, Loop Capital dropped their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $387.27.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $4.82 during mid-day trading on Tuesday, reaching $361.01. The company's stock had a trading volume of 1,469,138 shares, compared to its average volume of 1,785,458. The stock has a 50-day moving average of $351.13 and a two-hundred day moving average of $348.29. 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 stock has a market capitalization of $90.01 billion, a P/E ratio of 35.81, a P/E/G ratio of 3.04 and a beta of 1.18. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42.

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

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date is 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 presently 31.35%.

Insiders Place Their Bets

In other Sherwin-Williams news, 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 transaction, the insider directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James P. Lang sold 860 shares of the company's stock in a transaction dated 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 $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

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.