Great Lakes Advisors LLC Sells 1,399 Shares of The Sherwin-Williams Company $SHW

Key Points

• Great Lakes Advisors LLC reduced its stake in The Sherwin-Williams Company by 11.3%, owning a total of 10,949 shares valued at approximately $3.82 million.
• Insider selling details revealed Justin T. Binns sold 609 shares at $368.82 each, reducing his position by 3.29%.
• Sherwin-Williams reported earnings per share of $3.38 for the last quarter, missing estimates of $3.76, and provided FY 2025 guidance of $11.200-$11.500 EPS.

Great Lakes Advisors LLC decreased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,949 shares of the specialty chemicals company's stock after selling 1,399 shares during the period. Great Lakes Advisors LLC's holdings in Sherwin-Williams were worth $3,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moors & Cabot Inc. increased its stake in shares of Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock valued at $3,148,000 after buying an additional 39 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of 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 in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter valued at about $306,000. Wealthcare Advisory Partners LLC boosted its position in shares of Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after purchasing an additional 137 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Sherwin-Williams by 19.8% during the 1st quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company's stock valued at $1,636,000 after purchasing an additional 773 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of the 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 directly owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO James P. Lang sold 860 shares of the 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 owned 377 shares of the company's stock, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

SHW has been the topic of several research analyst reports. 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 report on Wednesday, July 23rd. Evercore ISI upped their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. BMO Capital Markets cut their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. UBS Group cut their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company cut their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $387.27.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $8.09 during mid-day trading on Friday, hitting $360.59. The company had a trading volume of 1,848,790 shares, compared to its average volume of 1,731,962. The company has a market capitalization of $89.91 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 3.06 and a beta of 1.18. 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's 50-day moving average price is $354.25 and its 200-day moving average price is $349.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate 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 net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

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.