CW Advisors LLC Sells 44,116 Shares of The Sherwin-Williams Company $SHW

Key Points

• CW Advisors LLC sold 44,116 shares of Sherwin-Williams, reducing its holdings by 83.5% to 8,733 shares with a total value of $3,042,000.
• Sherwin-Williams reported a miss in earnings with $3.38 earnings per share, below the consensus estimate of $3.76, despite revenue meeting expectations at $6.31 billion.
• The company is set to pay a quarterly dividend of $0.79 per share on September 5th, with a current yield of 0.8% and a payout ratio of 31.35%.

CW Advisors LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 83.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,733 shares of the specialty chemicals company's stock after selling 44,116 shares during the period. CW Advisors LLC's holdings in Sherwin-Williams were worth $3,042,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $27,000. Synergy Investment Management LLC raised its position in shares of Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $30,000. Finally, HWG Holdings LP bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Up 2.5%

SHW stock opened at $372.9950 on Friday. The firm has a fifty day moving average price of $347.25 and a 200 day moving average price of $348.09. 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. The firm has a market cap of $93.00 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 3.10 and a beta of 1.16.

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 business had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same period last year, the business posted $3.70 earnings per share. The company'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. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's payout ratio is presently 31.35%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. 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 report on Wednesday, July 23rd. Loop Capital reduced 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. BMO Capital Markets reduced their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their target price for the company from $296.00 to $375.00 in a report on Thursday, August 14th. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $388.60.

Insider Buying and Selling

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 transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at $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 available through this hyperlink. 0.60% of the stock is owned by insiders.

About Sherwin-Williams

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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