Sitrin Capital Management LLC Reduces Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• Sitrin Capital Management LLC decreased its stake in The Sherwin-Williams Company by 10.7%, owning 13,662 shares worth approximately $4.69 million after selling 1,639 shares in the second quarter.
• Several hedge funds, including Opal Wealth Advisors LLC and CBIZ Investment Advisory Services LLC, have increased their holdings in Sherwin-Williams, with a significant 41.8% increase by CBIZ in the first quarter.
• Sherwin-Williams reported earnings of $3.38 per share, which missed estimates, and has set its FY 2025 guidance at 11.200-11.500 EPS, while analysts rate the stock as an overall "Moderate Buy."

Sitrin Capital Management LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,662 shares of the specialty chemicals company's stock after selling 1,639 shares during the quarter. Sherwin-Williams accounts for approximately 2.4% of Sitrin Capital Management LLC's holdings, making the stock its 26th largest holding. Sitrin Capital Management LLC's holdings in Sherwin-Williams were worth $4,691,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC lifted its holdings in shares of Sherwin-Williams by 4.2% in the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after buying an additional 32 shares during the period. Nicolet Advisory Services LLC raised its position in shares of Sherwin-Williams by 3.1% during the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after purchasing an additional 33 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Sherwin-Williams by 1.3% during the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock worth $927,000 after purchasing an additional 33 shares during the period. CBIZ Investment Advisory Services LLC raised its position in Sherwin-Williams by 41.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock valued at $39,000 after buying an additional 33 shares during the period. Finally, Beacon Financial Group raised its position in Sherwin-Williams by 5.1% during the second quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company's stock valued at $235,000 after buying an additional 33 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares in the company, valued at $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. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Up 0.1%

Shares of SHW opened at $337.48 on Thursday. 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 stock has a 50 day simple moving average of $355.21 and a 200-day simple moving average of $348.53. The stock has a market cap of $84.14 billion, a PE ratio of 33.48, a PEG ratio of 2.80 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the company posted $3.70 earnings per share. The company'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 predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued 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 of this dividend was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SHW. JPMorgan Chase & Co. dropped their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Citigroup reaffirmed a "neutral" rating and issued a $380.00 target price (up from $375.00) on shares of Sherwin-Williams in a research report on Monday. Mizuho dropped their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI upped their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Sherwin-Williams in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $387.93.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.