The Sherwin-Williams Company $SHW Shares Sold by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. has reduced its stake in Sherwin-Williams by 37.8%, selling 1,500 shares, and now holds a value of $862,000 in the company.
• Recent analyst reports show mixed sentiment, with Loop Capital lowering its price target from $395 to $380, while Bank of America upgraded the rating from "underperform" to "neutral" and raised the target to $375.
• Sherwin-Williams has declared a quarterly dividend of $0.79, indicating an annual yield of 0.8%, with the upcoming payment date set for September 5th.

Bahl & Gaynor Inc. decreased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 37.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,469 shares of the specialty chemicals company's stock after selling 1,500 shares during the quarter. Bahl & Gaynor Inc.'s holdings in Sherwin-Williams were worth $862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. Brighton Jones LLC boosted its stake in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after purchasing an additional 655 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Sherwin-Williams by 15.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,622 shares of the specialty chemicals company's stock valued at $891,000 after purchasing an additional 356 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of Sherwin-Williams by 2.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,577 shares of the specialty chemicals company's stock valued at $1,896,000 after purchasing an additional 123 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $3,961,000. Finally, Prosperity Consulting Group LLC boosted its stake in shares of Sherwin-Williams by 6.3% in the fourth quarter. Prosperity Consulting Group LLC now owns 1,702 shares of the specialty chemicals company's stock valued at $579,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the topic of several analyst reports. BMO Capital Markets reduced their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Mizuho reduced their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. UBS Group reduced their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their target price for the company from $296.00 to $375.00 in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $387.27.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction that occurred 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 approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Down 0.3%

SHW stock traded down $1.01 during midday trading on Thursday, reaching $366.39. 1,136,946 shares of the company were exchanged, compared to its average volume of 1,790,114. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The stock's 50-day simple moving average is $349.32 and its 200 day simple moving average is $348.28. The company has a market cap of $91.35 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 3.04 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the business posted $3.70 EPS. The firm'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. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Sherwin-Williams Company 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.