Fishman Jay A Ltd. MI Raises Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• Fishman Jay A Ltd. MI increased its holdings in The Sherwin-Williams Company by 12.3%, now owning 14,625 shares valued at approximately $5.02 million.
• Sherwin-Williams reported quarterly earnings of $3.38 EPS, missing estimates of $3.76, with year-over-year revenue growth of 0.6%.
• Analysts have revised price targets for Sherwin-Williams, with a consensus target price of $387.27 and a consensus rating of "Moderate Buy."

Fishman Jay A Ltd. MI increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 12.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,625 shares of the specialty chemicals company's stock after buying an additional 1,600 shares during the period. Sherwin-Williams comprises approximately 0.5% of Fishman Jay A Ltd. MI's investment portfolio, making the stock its 29th largest holding. Fishman Jay A Ltd. MI's holdings in Sherwin-Williams were worth $5,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. grew its holdings in shares of Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after buying an additional 39 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Sherwin-Williams in the first quarter valued at about $515,000. Kingswood Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 25.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after purchasing an additional 201 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Sherwin-Williams during the first quarter worth $306,000. Finally, Moody Lynn & Lieberson LLC grew its position in Sherwin-Williams by 138.0% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company's stock valued at $7,005,000 after acquiring an additional 11,828 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on SHW shares. BMO Capital Markets dropped their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company lowered their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, Mizuho decreased 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $346.80 on Monday. 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 stock has a 50 day simple moving average of $355.10 and a 200-day simple moving average of $348.68. The company has a market cap of $86.47 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.

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 for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the company earned $3.70 EPS. The company's revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The stock was 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 owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

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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