The Sherwin-Williams Company $SHW Shares Sold by Seascape Capital Management

Key Points

• Seascape Capital Management reduced its stake in The Sherwin-Williams Company by 19.2%, owning 9,315 shares worth approximately $3.198 million after selling 2,220 shares during the second quarter.
• Sherwin-Williams reported earnings of $3.38 per share, missing analysts' estimates, with revenue of $6.31 billion for the quarter, showing only a 0.6% year-over-year increase.
• The company declared a quarterly dividend of $0.79, equivalent to an annual yield of 0.9%, with a payout ratio of 31.35%.

Seascape Capital Management lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,315 shares of the specialty chemicals company's stock after selling 2,220 shares during the quarter. Seascape Capital Management's holdings in Sherwin-Williams were worth $3,198,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth about $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams in the 1st quarter valued at $27,000. Synergy Investment Management LLC increased its stake in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the first quarter valued at $30,000. Finally, Saudi Central Bank acquired a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $33,000. Institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SHW shares. Evercore ISI lifted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. Mizuho dropped their price objective 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. BMO Capital Markets reduced their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. UBS Group dropped their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Citigroup dropped their price objective on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. One 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, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Stock Down 0.0%

Shares of NYSE:SHW traded down $0.08 during trading on Monday, hitting $346.72. The stock had a trading volume of 1,224,126 shares, compared to its average volume of 1,779,235. The firm's fifty day moving average is $354.60 and its 200 day moving average is $348.70. The company has a market capitalization of $86.45 billion, a PE ratio of 34.40, a PEG ratio of 2.88 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 12 month low of $308.84 and a 12 month high of $400.42.

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 company had revenue of $6.31 billion during 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%.The company's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the 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 transaction, the insider owned 17,922 shares of the company's stock, valued at $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 directly owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

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.