The Sherwin-Williams Company $SHW Shares Sold by Elevate Capital Advisors LLC

Key Points

• Elevate Capital Advisors LLC reduced its stake in Sherwin-Williams by 55%, owning 1,889 shares valued at $649,000 after selling 2,311 shares in the second quarter.
• Sherwin-Williams reported earnings per share (EPS) of $3.38 for the last quarter, missing estimates by $0.38, while revenue matched expectations at $6.31 billion.
• The company recently announced a dividend of $0.79 per share, representing an annual yield of 0.9%, with a payout ratio of 31.35%.

Elevate Capital Advisors LLC cut its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 55.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,889 shares of the specialty chemicals company's stock after selling 2,311 shares during the quarter. Elevate Capital Advisors LLC's holdings in Sherwin-Williams were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams in the first quarter valued at $27,000. Synergy Investment Management LLC grew its stake in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams during the 1st quarter worth $30,000. Saudi Central Bank acquired a new position in Sherwin-Williams during the 1st quarter worth $33,000. Finally, Flaharty Asset Management LLC acquired a new position in Sherwin-Williams during the 1st quarter worth $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 0.8%

Shares of NYSE SHW opened at $346.80 on Friday. The company has a market capitalization of $86.47 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.86 and a beta of 1.20. 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 business has a 50-day moving average of $355.10 and a two-hundred day moving average of $348.49. 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 announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams's payout ratio is presently 31.35%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SHW shares. Evercore ISI boosted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Weiss Ratings reissued a "buy (b-)" rating on shares of Sherwin-Williams in a research note on Saturday, September 27th. BMO Capital Markets lowered their target price 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. Wells Fargo & Company lowered their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average price target of $387.27.

Insider Activity

In related news, CAO James P. Lang sold 860 shares of the 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. This represents 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.

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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