Janney Montgomery Scott LLC Sells 9,673 Shares of The Sherwin-Williams Company $SHW

Key Points

• Janney Montgomery Scott LLC reduced its stake in Sherwin-Williams by 7.4%, selling 9,673 shares to own a total of 121,881 shares valued at approximately $41.84 million.
• Sherwin-Williams has seen mixed ratings from analysts, with price target adjustments ranging from **$375** to **$400**, reflecting various "outperform" and "neutral" ratings.
• The company reported earnings of **$3.38 EPS** for the last quarter, missing expectations, though it showed a **0.6%** increase in revenue year-over-year.

Janney Montgomery Scott LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 7.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,881 shares of the specialty chemicals company's stock after selling 9,673 shares during the period. Janney Montgomery Scott LLC's holdings in Sherwin-Williams were worth $41,849,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SHW. Opal Wealth Advisors LLC boosted its position in Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after buying an additional 32 shares during the period. Nicolet Advisory Services LLC lifted its stake in shares of Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock valued at $362,000 after acquiring an additional 33 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Sherwin-Williams by 41.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock valued at $39,000 after acquiring an additional 33 shares during the period. Integrated Wealth Concepts LLC grew its position in Sherwin-Williams by 1.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock worth $927,000 after acquiring an additional 33 shares during the last quarter. Finally, Beacon Financial Group increased its stake in Sherwin-Williams by 5.1% in the 2nd quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company's stock worth $235,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Transactions at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Justin T. Binns sold 609 shares of the firm'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 transaction, the insider directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

SHW has been the topic of several recent analyst reports. Mizuho cut their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Evercore ISI raised their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Citigroup dropped their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, Loop Capital reduced 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $346.32 on Wednesday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The stock's 50 day simple moving average is $354.93 and its two-hundred day simple moving average is $348.45. 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 stock has a market cap of $86.35 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.85 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced 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 of this dividend 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 is currently 31.35%.

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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