Parallel Advisors LLC Has $9.96 Million Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• Parallel Advisors LLC reduced its holdings in The Sherwin-Williams Company by 2.9%, accounting for approximately $9.96 million worth of stock after selling 875 shares in the 2nd quarter.
• Several institutional investors, including Opal Wealth Advisors LLC and CBIZ Investment Advisory Services LLC, have increased their positions in Sherwin-Williams, reflecting a growing interest in the company, which is now 77.67% owned by institutional investors.
• Recent analyst reports suggest a mixed outlook, with price targets being revised downwards; however, the stock maintains a "Moderate Buy" rating and an average price target of $387.27.

Parallel Advisors LLC cut its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,017 shares of the specialty chemicals company's stock after selling 875 shares during the quarter. Parallel Advisors LLC's holdings in Sherwin-Williams were worth $9,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Opal Wealth Advisors LLC boosted its position in Sherwin-Williams by 4.2% during the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after acquiring an additional 32 shares during the last quarter. Nicolet Advisory Services LLC boosted its position in Sherwin-Williams by 3.1% during the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after acquiring an additional 33 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its position 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 worth $39,000 after acquiring an additional 33 shares during the last quarter. Integrated Wealth Concepts LLC boosted 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, YANKCOM Partnership boosted its position in 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 during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SHW shares. JPMorgan Chase & Co. dropped their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. Citigroup lowered their price objective on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company lowered 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. Finally, UBS Group lowered their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. One investment 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $387.27.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $360.59 on Monday. The stock's 50-day simple moving average is $354.25 and its 200 day simple moving average is $349.10. The firm has a market capitalization of $89.91 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.99 and a beta of 1.18. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share 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 business's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, 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 owned by company insiders.

Sherwin-Williams Company 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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