Logan Capital Management Inc. Reduces Position in The Sherwin-Williams Company $SHW

Key Points

• Logan Capital Management Inc. reduced its stake in The Sherwin-Williams Company by 1.6% during the first quarter, now holding 86,662 shares valued at $30.26 million.
• Several large investors, including Vanguard Group and Price T Rowe Associates, increased their holdings in Sherwin-Williams, reflecting growing interest in the stock.
• Wall Street analysts have issued mixed ratings for Sherwin-Williams, with a consensus rating of "Moderate Buy" and an average price target of $387.27.

Logan Capital Management Inc. cut its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,662 shares of the specialty chemicals company's stock after selling 1,442 shares during the quarter. Sherwin-Williams comprises about 1.4% of Logan Capital Management Inc.'s holdings, making the stock its 12th largest position. Logan Capital Management Inc.'s holdings in Sherwin-Williams were worth $30,262,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC boosted its position in Sherwin-Williams by 4.2% in the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after purchasing an additional 32 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in shares of Sherwin-Williams by 3.1% in the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after buying an additional 33 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Sherwin-Williams by 1.3% in the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock worth $927,000 after buying an additional 33 shares in the last quarter. YANKCOM Partnership raised its holdings in shares of Sherwin-Williams by 8.8% during the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after acquiring an additional 34 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of Sherwin-Williams by 4.9% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock valued at $264,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling

In other news, CAO James P. Lang sold 860 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SHW shares. Loop Capital decreased their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company decreased their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Mizuho decreased their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, Evercore ISI raised their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Stock Down 2.2%

Shares of SHW traded down $8.09 during midday trading on Friday, reaching $360.59. 1,848,790 shares of the stock were exchanged, compared to its average volume of 1,731,962. The company has a market capitalization of $89.91 billion, a P/E ratio of 35.77, a PEG ratio of 3.06 and a beta of 1.18. The company's 50 day moving average is $354.25 and its two-hundred day moving average is $349.22. 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 Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42.

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 analysts' consensus estimates of $3.76 by ($0.38). The company 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%.During the same quarter in the prior year, the company earned $3.70 EPS. The firm's quarterly 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, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share 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 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 was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is currently 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.