Confluence Investment Management LLC Sells 1,923 Shares of The Sherwin-Williams Company $SHW

Key Points

• Confluence Investment Management LLC has decreased its stake in The Sherwin-Williams Company by 2.5%, selling 1,923 shares and now holding 74,989 shares valued at approximately $25.7 million.
• Insider transactions reveal significant sales, with Justin T. Binns selling 609 shares and James P. Lang selling 860 shares, resulting in notable decreases in their respective ownership.
• Sherwin-Williams reported $3.38 EPS for the last quarter, missing expectations, and set its FY 2025 guidance at 11.200-11.500 EPS, with analysts maintaining a "Moderate Buy" consensus rating for the stock.

Confluence Investment Management LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,989 shares of the specialty chemicals company's stock after selling 1,923 shares during the quarter. Confluence Investment Management LLC's holdings in Sherwin-Williams were worth $25,748,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC raised its stake in Sherwin-Williams by 4.2% in the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after buying an additional 32 shares in the last quarter. Nicolet Advisory Services LLC raised its stake in Sherwin-Williams by 3.1% in the first 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 in the last quarter. Integrated Wealth Concepts LLC raised its stake in Sherwin-Williams by 1.3% in the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock worth $927,000 after buying an additional 33 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in Sherwin-Williams by 41.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock worth $39,000 after buying an additional 33 shares in the last quarter. Finally, YANKCOM Partnership raised its stake in Sherwin-Williams by 8.8% in the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider directly owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the company'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 directly owned 377 shares in the company, valued at approximately $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. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

NYSE SHW opened at $360.59 on Friday. The firm's fifty day simple moving average is $354.25 and its two-hundred day simple moving average is $349.22. 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. The firm has a market capitalization of $89.91 billion, a P/E ratio of 35.77, a P/E/G ratio of 3.06 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the prior year, the firm posted $3.70 earnings per share. Sherwin-Williams'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. Analysts forecast 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 was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is 31.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SHW shares. BMO Capital Markets reduced their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Mizuho reduced their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Loop Capital cut their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

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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