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

Key Points

• HighTower Advisors LLC cut its stake in Sherwin-Williams by 13.2% in the fourth quarter, selling 64,797 shares and leaving it with 426,632 shares valued at about $138.2 million.
• Institutional ownership remains heavy, with hedge funds and other institutions holding 77.67% of the stock; meanwhile, insider selling was limited, including SVP Bryan J. Young’s sale of 2,513 shares.
• Sherwin-Williams reported better-than-expected quarterly results and maintained a quarterly dividend of $0.80 per share, even as analysts kept a generally positive view with a consensus rating of Moderate Buy and a target price of $375.33.

HighTower Advisors LLC lessened its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 426,632 shares of the specialty chemicals company's stock after selling 64,797 shares during the period. HighTower Advisors LLC owned 0.17% of Sherwin-Williams worth $138,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Viking Global Investors LP grew its stake in shares of Sherwin-Williams by 101.4% in the 2nd quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company's stock valued at $672,213,000 after purchasing an additional 985,520 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company's stock worth $7,529,752,000 after purchasing an additional 600,119 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Sherwin-Williams by 424.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company's stock worth $177,433,000 after purchasing an additional 443,119 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Sherwin-Williams during the third quarter worth $104,826,000. Finally, PBCay One RSC Ltd purchased a new position in Sherwin-Williams in the 4th quarter valued at $92,275,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the completion of the transaction, the senior vice president owned 10,045 shares of the company's stock, valued at $3,661,101.15. The trade was a 20.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SHW shares. Weiss Ratings downgraded shares of Sherwin-Williams from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, May 14th. Bank of America dropped their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 21st. Royal Bank Of Canada reduced their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an "outperform" rating for the company in a research report on Thursday, March 19th. JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $385.00 to $365.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded Sherwin-Williams from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating and five 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 $375.33.

Sherwin-Williams Stock Down 1.4%

SHW stock opened at $298.65 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10. The company's 50-day moving average price is $321.85 and its 200 day moving average price is $336.10. The Sherwin-Williams Company has a 52 week low of $294.32 and a 52 week high of $379.65. The company has a market cap of $73.66 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.62 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.08. The company had revenue of $5.67 billion during the quarter, compared to analysts' expectations of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, research analysts expect that The Sherwin-Williams Company will post 11.74 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.20 annualized dividend and a yield of 1.1%. Sherwin-Williams's dividend payout ratio is 30.71%.

About Sherwin-Williams

Sherwin-Williams NYSE: SHW is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.

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