HB Wealth Management LLC Sells 3,671 Shares of The Sherwin-Williams Company $SHW

Key Points

• HB Wealth Management reduced its Sherwin-Williams stake by 12.4% in the second quarter, selling 3,671 shares and retaining 25,950 shares valued at approximately $8.94 million. Institutional investors collectively own 77.67% of the company.
• Analysts maintain a generally positive outlook, with Sherwin-Williams receiving a consensus “Moderate Buy” rating and an average price target of $386.29. Recent targets ranged from $375 to $395.
• Sherwin-Williams exceeded quarterly expectations, reporting $3.70 in earnings per share and $6.79 billion in revenue, with revenue up 7.5% year over year. The company also declared a quarterly dividend of $0.80 per share, representing a 1.0% annualized yield.

HB Wealth Management LLC lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 12.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,950 shares of the specialty chemicals company's stock after selling 3,671 shares during the period. HB Wealth Management LLC's holdings in Sherwin-Williams were worth $8,935,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SHW. Wilkerson Advisory Group LLC boosted its holdings in shares of Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 50 shares during the period. Lloyd Advisory Services LLC. purchased a new position in Sherwin-Williams during the 4th quarter valued at about $27,000. Montgomery Financial Services LLC purchased a new position in Sherwin-Williams during the 2nd quarter valued at about $29,000. Whipplewood Advisors LLC bought a new position in Sherwin-Williams during the 1st quarter valued at approximately $28,000. Finally, Tacita Capital Inc bought a new position in Sherwin-Williams during the 2nd quarter valued at approximately $30,000. Institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SHW shares. Morgan Stanley reiterated an "overweight" rating and issued a $395.00 price objective (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Weiss Ratings upgraded Sherwin-Williams from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. raised their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a report on Monday, June 8th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $375.00 price objective on shares of Sherwin-Williams in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $386.29.

Sherwin-Williams Stock Performance

Shares of SHW opened at $333.51 on Monday. The company has a 50-day simple moving average of $343.07 and a two-hundred day simple moving average of $330.88. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The firm has a market capitalization of $80.96 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 2.49 and a beta of 1.09. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the business earned $3.38 EPS. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams's dividend payout ratio is presently 29.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Karl Jorgenrud sold 7,886 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares of the company's stock, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Justin T. Binns sold 13,500 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by corporate insiders.

Sherwin-Williams Company Profile

Sherwin-Williams NYSE: SHW is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.

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