Chiron Capital Management LLC Sells 1,002 Shares of The Sherwin-Williams Company $SHW

Key Points

• Chiron Capital Management LLC reduced its holdings in The Sherwin-Williams Company by 25%, now owning 3,004 shares worth approximately $1.05 million.
• Several institutional investors have recently increased their positions in Sherwin-Williams, with Brighton Jones LLC leading with a 73.6% stake increase in the fourth quarter.
• Wall Street analysts show a mixed outlook, with some upgrading ratings and price targets, while the consensus price target is currently set at $387.27.

Chiron Capital Management LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 25.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,004 shares of the specialty chemicals company's stock after selling 1,002 shares during the period. Sherwin-Williams comprises approximately 1.0% of Chiron Capital Management LLC's investment portfolio, making the stock its 29th biggest position. Chiron Capital Management LLC's holdings in Sherwin-Williams were worth $1,049,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perkins Coie Trust Co acquired a new stake in Sherwin-Williams during the 1st quarter worth about $27,000. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth about $27,000. Synergy Investment Management LLC grew its holdings in Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in Sherwin-Williams during the 1st quarter worth about $30,000. Finally, Saudi Central Bank acquired a new stake in Sherwin-Williams during the 1st quarter worth about $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred 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 transaction, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The stock was 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 in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Up 1.8%

Shares of SHW stock traded up $6.61 during trading hours on Friday, reaching $372.39. The company had a trading volume of 3,066,956 shares, compared to its average volume of 1,813,914. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The business has a fifty day simple moving average of $352.81 and a 200-day simple moving average of $348.67. The company has a market cap of $92.85 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 3.04 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its 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). 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 the consensus estimate of $6.31 billion. During the same quarter in the prior year, the business earned $3.70 EPS. The firm's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.8%. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Analysts Set New Price Targets

SHW has been the subject of a number of recent analyst reports. 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. Mizuho cut their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Citigroup cut their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

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.