The Sherwin-Williams Company $SHW Shares Sold by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR has significantly reduced its holdings in The Sherwin-Williams Company by 43.8%, selling 10,617 shares during the 2nd quarter.
• Sherwin-Williams recently reported earnings per share of $3.38, missing analysts' estimates and reflecting a year-over-year decrease from $3.70 EPS in the previous year.
• Analysts have set new price targets for Sherwin-Williams, with estimates ranging from $378.00 to $400.00, and the stock currently has a consensus rating of "Moderate Buy."

Generali Asset Management SPA SGR decreased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 43.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,623 shares of the specialty chemicals company's stock after selling 10,617 shares during the quarter. Generali Asset Management SPA SGR's holdings in Sherwin-Williams were worth $4,678,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Sherwin-Williams by 1.1% in 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 buying an additional 245,896 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position 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 worth $3,023,126,000 after buying an additional 1,505,341 shares during the last quarter. Alliancebernstein L.P. grew its position 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 worth $1,539,652,000 after buying an additional 93,209 shares during the last quarter. PineStone Asset Management Inc. grew its position 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 worth $577,222,000 after buying an additional 180,616 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Sherwin-Williams by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company's stock worth $536,495,000 after buying an additional 64,325 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the business's 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 owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Stock Down 0.7%

SHW stock opened at $332.81 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a fifty day simple moving average of $354.01 and a 200 day simple moving average of $348.20. The firm has a market cap of $82.98 billion, a PE ratio of 33.02, a PEG ratio of 2.78 and a beta of 1.20.

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 analysts' consensus estimates of $3.76 by ($0.38). The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on SHW shares. Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI lifted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. BMO Capital Markets decreased their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company set a $395.00 target price on shares of Sherwin-Williams and gave the company an "overweight" rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $387.13.

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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