The Sherwin-Williams Company $SHW Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its holdings in The Sherwin-Williams Company by 1.3%, now owning approximately 2,020,270 shares valued at $705.4 million.
• Multiple large institutional investors increased their positions in Sherwin-Williams during the first quarter, with insider trading activity also noted among company executives.
• Sherwin-Williams reported earnings of $3.38 per share for the last quarter, missing analyst expectations, and has set a FY 2025 EPS guidance of 11.200-11.500.

Goldman Sachs Group Inc. lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,020,270 shares of the specialty chemicals company's stock after selling 27,123 shares during the period. Goldman Sachs Group Inc. owned about 0.81% of Sherwin-Williams worth $705,458,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Resources Management Corp CT ADV lifted its holdings in Sherwin-Williams by 1.0% during the 1st quarter. Resources Management Corp CT ADV now owns 4,201 shares of the specialty chemicals company's stock worth $1,467,000 after buying an additional 40 shares during the last quarter. Tamar Securities LLC lifted its holdings in Sherwin-Williams by 5.2% during the 1st quarter. Tamar Securities LLC now owns 51,987 shares of the specialty chemicals company's stock worth $18,153,000 after buying an additional 2,561 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in Sherwin-Williams by 12.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 112,471 shares of the specialty chemicals company's stock worth $39,274,000 after buying an additional 12,654 shares during the last quarter. Nearwater Capital Markets Ltd bought a new position in Sherwin-Williams during the 1st quarter worth approximately $14,666,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sherwin-Williams by 14.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,188 shares of the specialty chemicals company's stock worth $15,430,000 after buying an additional 5,716 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

In other news, 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 transaction of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares in the company, 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. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of research analyst reports. Citigroup reduced their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. 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. 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. 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. Finally, Mizuho cut their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Stock Up 1.8%

Shares of Sherwin-Williams stock opened at $372.39 on Monday. The business's fifty day moving average price is $352.81 and its two-hundred day moving average price is $348.64. 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 $92.85 billion, a P/E ratio of 36.94, a PEG ratio of 3.09 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 announced 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). The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.70 EPS. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.8%. Sherwin-Williams's payout ratio is presently 31.35%.

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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