Stock Yards Bank & Trust Co. Sells 736 Shares of The Sherwin-Williams Company $SHW

Key Points

• Stock Yards Bank & Trust Co. reduced its stake in The Sherwin-Williams Company by 6.1%, now holding 11,419 shares valued at approximately $3.92 million.
• In its most recent quarterly results, Sherwin-Williams reported $3.38 EPS, missing analyst expectations of $3.76, with revenue stable at $6.31 billion.
• Sherwin-Williams announced a quarterly dividend of $0.79 per share, yielding 0.9%, with a payout ratio of 31.35% based on current earnings.

Stock Yards Bank & Trust Co. lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 11,419 shares of the specialty chemicals company's stock after selling 736 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Sherwin-Williams were worth $3,921,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its stake in Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock valued at $3,148,000 after purchasing an additional 39 shares during the last quarter. Ransom Advisory Ltd acquired a new position in Sherwin-Williams during the 1st quarter valued at about $515,000. Kingswood Wealth Advisors LLC boosted its stake in Sherwin-Williams by 25.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after purchasing an additional 201 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $306,000. Finally, Moody Lynn & Lieberson LLC boosted its stake in shares of Sherwin-Williams by 138.0% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company's stock worth $7,005,000 after buying an additional 11,828 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Trading Up 0.8%

NYSE:SHW opened at $346.80 on Friday. 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 market capitalization of $86.47 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.86 and a beta of 1.20. The firm's 50 day moving average is $355.10 and its 200 day moving average is $348.49. 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 posted its quarterly 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 the consensus estimate 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 for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's payout ratio is presently 31.35%.

Insiders Place Their Bets

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 sale, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SHW. Citigroup cut their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. UBS Group cut their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Mizuho cut their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI boosted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Finally, Loop Capital cut their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

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.

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