The Sherwin-Williams Company $SHW Shares Acquired by Cwm LLC

Key Points

• Cwm LLC increased its holdings in The Sherwin-Williams Company by 23.9% during the second quarter, owning now 10,063 shares valued at approximately $3.46 million.
• Multiple institutional investors, including Johnson Investment Counsel Inc. and Moors & Cabot Inc., have made significant adjustments to their positions in Sherwin-Williams, indicating growing interest.
• Analysts have set new price targets for Sherwin-Williams shares, with Bank of America reducing its target to $368 and Citi raising it to $380, reflecting mixed sentiments in the market.

Cwm LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 23.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,063 shares of the specialty chemicals company's stock after acquiring an additional 1,940 shares during the period. Cwm LLC's holdings in Sherwin-Williams were worth $3,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moors & Cabot Inc. raised its position in shares of 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 acquiring an additional 39 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company's stock valued at $26,832,000 after acquiring an additional 38,228 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Sherwin-Williams during the first quarter valued at $515,000. Kingswood Wealth Advisors LLC boosted its holdings in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after acquiring an additional 201 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in shares of Sherwin-Williams during the first quarter valued at $306,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

SHW has been the subject of several analyst reports. Bank of America reduced their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a "neutral" rating for the company in a report on Tuesday. Citigroup reissued a "neutral" rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company set a $395.00 price target on shares of Sherwin-Williams and gave the company an "overweight" rating in a report on Friday, October 10th. Finally, BMO Capital Markets decreased their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $387.13.

Sherwin-Williams Trading Down 0.1%

Shares of SHW stock opened at $330.99 on Friday. The stock has a 50-day simple moving average of $353.22 and a 200 day simple moving average of $347.94. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The stock has a market capitalization of $82.53 billion, a P/E ratio of 32.84, a P/E/G ratio of 3.11 and a beta of 1.20. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the business earned $3.70 EPS. The company's quarterly revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

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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