Envestnet Portfolio Solutions Inc. Sells 1,017 Shares of The Sherwin-Williams Company $SHW

Key Points

• Envestnet Portfolio Solutions Inc. reduced its stake in Sherwin-Williams by 8.1%, selling 1,017 shares and holding a total of 11,577 shares worth approximately $3.97 million.
• Insider trading activity revealed that CAO James P. Lang and insider Justin T. Binns sold 860 and 609 shares respectively, indicating a significant reduction in their ownership percentages.
• Analysts have mixed ratings on Sherwin-Williams, with a consensus of "Moderate Buy" and an average price target of $387.13.

Envestnet Portfolio Solutions Inc. lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,577 shares of the specialty chemicals company's stock after selling 1,017 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Sherwin-Williams were worth $3,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Valley National Advisers Inc. grew its position in shares of Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 34 shares in the last quarter. Synergy Investment Management LLC grew its position in shares of 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 buying an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams during the 1st quarter worth $30,000. Saudi Central Bank bought a new position in shares of Sherwin-Williams during the 1st quarter worth $33,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Sherwin-Williams during the 1st quarter worth $33,000. Institutional investors own 77.67% of the company's stock.

Insider Activity

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was 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 directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SHW shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. UBS Group reaffirmed a "buy" rating and set a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. JPMorgan Chase & Co. dropped their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets dropped their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Finally, Evercore ISI raised their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $387.13.

Sherwin-Williams Trading Down 0.7%

Sherwin-Williams stock opened at $332.81 on Thursday. The stock has a 50-day moving average of $354.01 and a two-hundred day moving average of $348.20. 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 Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The stock has a market cap of $82.98 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.78 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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 quarter in the previous year, the business earned $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. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

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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