Moody Lynn & Lieberson LLC Raises Stake in The Sherwin-Williams Company $SHW

Key Points

• Moody Lynn & Lieberson LLC has increased its stake in The Sherwin-Williams Company by 138.0%, holding 20,402 shares valued at approximately $7,005,000.
• Insiders at Sherwin-Williams, including CAO James P. Lang and insider Justin T. Binns, have recently sold shares, resulting in significant decreases in their respective ownership stakes.
• Several analysts have lowered their price targets for Sherwin-Williams, with the consensus rating moving to a "Moderate Buy" and an average price target of $387.27.

Moody Lynn & Lieberson LLC increased its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 138.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,402 shares of the specialty chemicals company's stock after buying an additional 11,828 shares during the period. Moody Lynn & Lieberson LLC's holdings in Sherwin-Williams were worth $7,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHW. Vanguard Group Inc. raised its holdings in shares of Sherwin-Williams by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock worth $7,711,004,000 after purchasing an additional 245,896 shares during the period. Price T Rowe Associates Inc. MD increased its position in Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock worth $3,023,126,000 after buying an additional 1,505,341 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Sherwin-Williams by 2.2% in the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company's stock valued at $1,539,652,000 after buying an additional 93,209 shares during the period. PineStone Asset Management Inc. lifted its position in shares of Sherwin-Williams by 12.0% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company's stock valued at $577,222,000 after buying an additional 180,616 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Sherwin-Williams by 4.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company's stock worth $536,495,000 after acquiring an additional 64,325 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on 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 in the company, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. The trade was 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group cut their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Mizuho reduced their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $387.27.

Sherwin-Williams Trading Up 0.6%

Shares of SHW opened at $342.05 on Monday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year 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 firm's 50-day moving average price is $354.82 and its 200-day moving average price is $348.46. The firm has a market capitalization of $85.28 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 2.84 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. Sell-side analysts anticipate 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 was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) 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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