The Sherwin-Williams Company $SHW Shares Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. reduced its holdings in Sherwin-Williams by 5.6%, owning 45,284 shares worth approximately $15.5 million.
• Institutional investors now own 77.67% of Sherwin-Williams' stock, with notable increases in holdings from firms like Vanguard Group Inc. and Price T Rowe Associates Inc..
• Sherwin-Williams reported Q2 earnings of $3.38 per share, missing analysts' expectations, while also announcing a quarterly dividend of $0.79 per share.

Congress Asset Management Co. lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,284 shares of the specialty chemicals company's stock after selling 2,687 shares during the period. Congress Asset Management Co.'s holdings in Sherwin-Williams were worth $15,549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Sherwin-Williams by 1.1% during the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock worth $7,711,004,000 after acquiring an additional 245,896 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock valued at $3,023,126,000 after purchasing an additional 1,505,341 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Sherwin-Williams by 2.2% in the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company's stock valued at $1,539,652,000 after purchasing an additional 93,209 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in Sherwin-Williams by 12.0% in the second quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company's stock valued at $577,222,000 after purchasing an additional 180,616 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after purchasing an additional 1,632,391 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the 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 transaction, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $224,611.38. Following the transaction, the insider owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% 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

Several research firms have weighed in on SHW. JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. UBS Group lowered their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company lowered their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Mizuho lowered their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Stock Up 0.6%

SHW opened at $342.05 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The firm has a market cap of $85.28 billion, a P/E ratio of 33.93, a PEG ratio of 2.83 and a beta of 1.18. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The business's fifty day simple moving average is $354.82 and its 200 day simple moving average is $348.43.

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

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's dividend payout ratio is 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.

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