The Sherwin-Williams Company $SHW Shares Sold by Beacon Investment Advisory Services Inc.

Key Points

• Beacon Investment Advisory Services Inc. reduced its stake in Sherwin-Williams by 2.5%, now holding 71,363 shares valued at approximately $24.5 million.
• Sherwin-Williams reported $3.38 EPS in its latest earnings, which missed analysts' expectations, while its quarterly revenue reached $6.31 billion, up 0.6% year-over-year.
• The company declared a quarterly dividend of $0.79, translating to an annual yield of 0.9% and a payout ratio of 31.35%.

Beacon Investment Advisory Services Inc. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,363 shares of the specialty chemicals company's stock after selling 1,801 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Sherwin-Williams were worth $24,503,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at approximately $27,000. Perkins Coie Trust Co bought a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $27,000. Synergy Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $30,000. Finally, Saudi Central Bank bought a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.5%

Shares of Sherwin-Williams stock opened at $342.68 on Thursday. The business's fifty day moving average price is $354.76 and its two-hundred day moving average price is $348.63. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The company has a market capitalization of $85.44 billion, a P/E ratio of 34.00, a PEG ratio of 2.86 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.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data 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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the firm posted $3.70 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid 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 of this dividend was Friday, August 15th. Sherwin-Williams's payout ratio is currently 31.35%.

Analyst Upgrades and Downgrades

SHW has been the topic of several recent research reports. 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. 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. Evercore ISI raised their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

Insiders Place Their Bets

In other news, CAO James P. Lang sold 860 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was 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 approximately $132,081.95. The trade was a 69.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider 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 insiders.

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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