Smithbridge Asset Management Inc. DE Reduces Holdings in The Sherwin-Williams Company $SHW

Key Points

• Smithbridge Asset Management Inc. DE reduced its stake in The Sherwin-Williams Company by 5.0% in Q2, bringing its holdings to 18,116 shares valued at approximately $6.22 million.
• Despite the reduction by Smithbridge, other institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., increased their positions in Sherwin-Williams.
• Sherwin-Williams reported a net margin of 11.03% and earnings per share of $3.38, missing analyst estimates by $0.38 in its latest quarterly earnings.

Smithbridge Asset Management Inc. DE lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,116 shares of the specialty chemicals company's stock after selling 951 shares during the quarter. Smithbridge Asset Management Inc. DE's holdings in Sherwin-Williams were worth $6,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Sherwin-Williams by 1.1% during the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock worth $7,711,004,000 after buying an additional 245,896 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Sherwin-Williams by 21.0% during 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 in the last quarter. Alliancebernstein L.P. grew its position in shares of Sherwin-Williams by 2.2% during the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company's stock worth $1,539,652,000 after buying an additional 93,209 shares in the last quarter. PineStone Asset Management Inc. grew its position in shares of Sherwin-Williams by 12.0% during the second quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company's stock worth $577,222,000 after buying an additional 180,616 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Sherwin-Williams by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company's stock worth $536,495,000 after buying an additional 64,325 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $331.64 on Friday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The firm's 50-day simple moving average is $353.64 and its 200 day simple moving average is $348.08. 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 stock has a market cap of $82.69 billion, a P/E ratio of 32.90, a P/E/G ratio of 3.12 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm earned $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Activity

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction dated 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 sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents 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 insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. BMO Capital Markets decreased their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Mizuho decreased their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Finally, UBS Group reaffirmed a "buy" rating and issued a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.13.

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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