Independent Advisor Alliance Decreases Stake in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Independent Advisor Alliance has reduced its stake in The Sherwin-Williams Company by 7.0%, owning 12,362 shares after selling 934 shares in the first quarter, valued at approximately $4.3 million.
• Multiple hedge funds, including Brighton Jones LLC, have increased their positions in Sherwin-Williams, with a total of 77.67% of the stock currently owned by institutional investors.
• Research analysts have issued mixed ratings on Sherwin-Williams, with the consensus target price set at $383.33 and an overall rating of "Moderate Buy".

Independent Advisor Alliance cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,362 shares of the specialty chemicals company's stock after selling 934 shares during the period. Independent Advisor Alliance's holdings in Sherwin-Williams were worth $4,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 655 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of Sherwin-Williams by 7.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 74,398 shares of the specialty chemicals company's stock worth $25,291,000 after buying an additional 4,852 shares during the period. Sagespring Wealth Partners LLC bought a new position in Sherwin-Williams in the fourth quarter worth approximately $1,456,000. Seeds Investor LLC bought a new position in Sherwin-Williams in the fourth quarter worth approximately $236,000. Finally, Keystone Financial Group bought a new position in Sherwin-Williams in the fourth quarter worth approximately $362,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SHW shares. Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. UBS Group dropped their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Bank of America raised their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $383.33.

Insider Buying and Selling at Sherwin-Williams

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 value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Up 0.8%

Shares of Sherwin-Williams stock opened at $354.81 on Tuesday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month 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. The stock has a market cap of $88.47 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 3.33 and a beta of 1.16. The company has a 50-day moving average of $345.57 and a two-hundred day moving average of $347.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.70 earnings per share. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

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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