The Sherwin-Williams Company $SHW Shares Sold by Beck Mack & Oliver LLC

Key Points

• Beck Mack & Oliver LLC reduced its holdings in Sherwin-Williams by 40.6%, owning 38,139 shares after selling 26,114 shares in the first quarter.
• Analyst ratings have varied, with price targets from $375 to $400, while the current consensus rating for Sherwin-Williams is a "Moderate Buy".
• Sherwin-Williams reported Q2 earnings of $3.38 EPS, missing expectations of $3.76, but has a forecasted FY 2025 EPS range of 11.200-11.500.

Beck Mack & Oliver LLC lessened its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 40.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,139 shares of the specialty chemicals company's stock after selling 26,114 shares during the period. Beck Mack & Oliver LLC's holdings in Sherwin-Williams were worth $13,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of SHW. Brighton Jones LLC lifted its stake in shares of Sherwin-Williams by 73.6% in the 4th 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 last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Sherwin-Williams by 39.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 25,465 shares of the specialty chemicals company's stock valued at $8,656,000 after purchasing an additional 7,263 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its stake in shares of Sherwin-Williams by 20.3% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 1,597 shares of the specialty chemicals company's stock valued at $543,000 after purchasing an additional 270 shares during the last quarter. AXA S.A. lifted its stake in shares of Sherwin-Williams by 95.3% in the 4th quarter. AXA S.A. now owns 417,663 shares of the specialty chemicals company's stock valued at $141,976,000 after purchasing an additional 203,812 shares during the last quarter. Finally, Aspire Growth Partners LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $473,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on SHW. Mizuho decreased their price target 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 upped 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. JPMorgan Chase & Co. cut their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. 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. Finally, Citigroup cut their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Trading Down 0.1%

SHW opened at $365.92 on Friday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a market cap of $91.24 billion, a P/E ratio of 36.30, a PEG ratio of 3.04 and a beta of 1.16. 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 business's 50-day simple moving average is $350.69 and its 200-day simple moving average is $348.32.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter in the previous year, the company posted $3.70 EPS. The company's 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. As a group, equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the company's stock in a transaction dated 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James P. Lang sold 860 shares of the company's 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 completion of the sale, the chief accounting officer directly 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 disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

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.

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