The Sherwin-Williams Company $SHW Shares Sold by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC has reduced its stake in The Sherwin-Williams Company by 0.9%, holding 179,690 shares valued at approximately $62.75 million, making it the firm's 25th largest holding.
• Several institutional investors such as Brighton Jones LLC and Northern Trust Corp have increased their stakes in Sherwin-Williams, with overall institutional ownership at 77.67%.
• Analysts have set a consensus price target of $387.27 for Sherwin-Williams stock, with ratings varying from Strong Buy to Hold, reflecting different market outlooks.

Guggenheim Capital LLC lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 179,690 shares of the specialty chemicals company's stock after selling 1,722 shares during the period. Sherwin-Williams accounts for approximately 0.6% of Guggenheim Capital LLC's portfolio, making the stock its 25th biggest position. Guggenheim Capital LLC owned about 0.07% of Sherwin-Williams worth $62,746,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its holdings in Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after buying an additional 655 shares during the period. Integrated Wealth Concepts LLC grew its position in Sherwin-Williams by 15.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,622 shares of the specialty chemicals company's stock valued at $891,000 after acquiring an additional 356 shares in the last quarter. Northern Trust Corp grew its position in Sherwin-Williams by 28.0% in 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 acquiring an additional 595,586 shares in the last quarter. Masterton Capital Management LP acquired a new position in Sherwin-Williams in the 4th quarter valued at about $7,003,000. Finally, AdvisorShares Investments LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at about $428,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.1%

SHW stock traded down $0.26 during trading on Friday, hitting $365.92. 1,328,498 shares of the company's stock were exchanged, compared to its average volume of 2,017,761. The business has a 50-day moving average price of $350.69 and a two-hundred day moving average price of $348.32. The stock has a market capitalization of $91.24 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 3.04 and a beta of 1.16. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

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 the consensus estimate of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current 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 $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's payout ratio is currently 31.35%.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business'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 completion of the sale, the chief accounting officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, 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 value of $224,611.38. Following the completion of the sale, the insider 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. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup dropped their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Loop Capital dropped their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Finally, UBS Group dropped their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams 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.