The Sherwin-Williams Company $SHW Shares Sold by Cresset Asset Management LLC

Key Points

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Cresset Asset Management LLC reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 61.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,176 shares of the specialty chemicals company's stock after selling 13,013 shares during the quarter. Cresset Asset Management LLC's holdings in Sherwin-Williams were worth $2,855,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Sherwin-Williams by 1.1% during the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock valued at $7,711,004,000 after acquiring an additional 245,896 shares in the last quarter. Northern Trust Corp raised its holdings in Sherwin-Williams by 28.0% during the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after buying an additional 595,586 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Sherwin-Williams by 6.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,826,498 shares of the specialty chemicals company's stock worth $620,881,000 after purchasing an additional 111,128 shares in the last quarter. GAMMA Investing LLC raised its holdings in Sherwin-Williams by 41,717.1% in the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock worth $571,381,000 after purchasing an additional 1,632,391 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Sherwin-Williams by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company's stock worth $536,495,000 after buying an additional 64,325 shares during the period. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

SHW has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company dropped 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. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. One 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 company. According to MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $388.60.

Sherwin-Williams Stock Down 0.9%

Shares of SHW traded down $3.2760 during mid-day trading on Thursday, hitting $363.8540. 1,450,130 shares of the company traded hands, compared to its average volume of 2,107,429. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. 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 company has a market capitalization of $90.72 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 3.05 and a beta of 1.16. The business has a 50 day moving average of $346.51 and a 200 day moving average of $348.10.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams's quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio is currently 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.