S Bank Fund Management Ltd Sells 1,187 Shares of The Sherwin-Williams Company $SHW

Key Points

• S Bank Fund Management Ltd reduced its holdings in **Sherwin-Williams** by 6.2%, selling 1,187 shares to hold a total of 17,813 shares valued at approximately **$6.1 million**.
• **Analysts** are divided on Sherwin-Williams, with target prices ranging from **$368** to **$400**, and ratings varying from "strong buy" to "neutral".
• In its latest earnings report, Sherwin-Williams posted an EPS of **$3.38**, missing expectations by **$0.38**, while revenue remained flat year-over-year at **$6.31 billion**.

S Bank Fund Management Ltd lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,813 shares of the specialty chemicals company's stock after selling 1,187 shares during the quarter. S Bank Fund Management Ltd's holdings in Sherwin-Williams were worth $6,116,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Sherwin-Williams by 21.0% during the 1st 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 acquiring an additional 1,505,341 shares during the period. Nuveen LLC bought a new stake in Sherwin-Williams during the 1st quarter worth approximately $265,510,000. Assenagon Asset Management S.A. increased its holdings in Sherwin-Williams by 601.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company's stock worth $288,339,000 after acquiring an additional 719,965 shares during the period. National Bank of Canada FI increased its holdings in Sherwin-Williams by 223.1% during the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock worth $214,883,000 after acquiring an additional 424,930 shares during the period. Finally, Alyeska Investment Group L.P. increased its holdings in Sherwin-Williams by 367.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company's stock worth $187,590,000 after acquiring an additional 422,410 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Down 0.7%

SHW stock opened at $332.81 on Thursday. The company has a market capitalization of $82.98 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.78 and a beta of 1.20. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company's 50 day moving average price is $354.01 and its two-hundred day moving average price is $348.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its 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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the previous year, the firm earned $3.70 earnings per share. The firm's quarterly revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a "neutral" rating on the stock in a research note on Tuesday. Wells Fargo & Company set a $395.00 target price on shares of Sherwin-Williams and gave the company an "overweight" rating in a research note on Friday, October 10th. Loop Capital lowered 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 note on Wednesday, July 23rd. UBS Group reaffirmed a "buy" rating and issued a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $380.00 target price (up from $375.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $387.13.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business's stock in a transaction 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 transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction 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 in the company, 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 insiders.

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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