Brendel Financial Advisors LLC Sells 9,001 Shares of The Sherwin-Williams Company $SHW

Key Points

• Brendel Financial Advisors LLC reduced its stake in The Sherwin-Williams Company by 21.2%, selling 9,001 shares during the second quarter, bringing their total holdings to 33,552 shares, worth approximately $11.52 million.
• Analysts have mixed views on Sherwin-Williams' stock, with a consensus rating of "Moderate Buy" and an average price target of $387.27, reflecting recent adjustments in target prices from various firms.
• In the latest quarterly earnings report, Sherwin-Williams missed earnings estimates with $3.38 EPS, while reporting revenue of $6.31 billion, which met market expectations.

Brendel Financial Advisors LLC decreased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 21.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,552 shares of the specialty chemicals company's stock after selling 9,001 shares during the quarter. Sherwin-Williams makes up about 6.5% of Brendel Financial Advisors LLC's investment portfolio, making the stock its largest position. Brendel Financial Advisors LLC's holdings in Sherwin-Williams were worth $11,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Moors & Cabot Inc. raised its position in Sherwin-Williams by 0.4% in the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock valued at $3,148,000 after purchasing an additional 39 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Sherwin-Williams during the first quarter worth $515,000. Kingswood Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after acquiring an additional 201 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Sherwin-Williams during the first quarter worth $306,000. Finally, Wealthcare Advisory Partners LLC raised its position in shares of Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SHW shares. Evercore ISI boosted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Loop Capital reduced their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on shares of 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, UBS Group reduced their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report 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, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction 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 owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Down 0.8%

Shares of SHW opened at $346.78 on Friday. The firm has a market cap of $86.46 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 2.90 and a beta of 1.18. The business has a 50-day moving average of $354.55 and a 200 day moving average of $349.00. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid 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 0.9%. Sherwin-Williams's payout ratio is presently 31.35%.

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.

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