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

Key Points

• Pure Financial Advisors LLC reduced its stake in Sherwin-Williams by 29.6%, now holding 5,886 shares valued at approximately $2,021,000.
• Sherwin-Williams reported earnings per share of $3.38 for the last quarter, falling short of analysts' expectations of $3.76, despite a revenue of $6.31 billion.
• The company declared a quarterly dividend of $0.79, representing an annualized yield of 0.9%, with a payout ratio of 31.35%.

Pure Financial Advisors LLC trimmed its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 29.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,886 shares of the specialty chemicals company's stock after selling 2,479 shares during the period. Pure Financial Advisors LLC's holdings in Sherwin-Williams were worth $2,021,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its position in shares of Sherwin-Williams by 25.9% during the 2nd quarter. Trust Co. of Vermont now owns 335 shares of the specialty chemicals company's stock valued at $115,000 after acquiring an additional 69 shares during the last quarter. Childress Capital Advisors LLC lifted its position in shares of Sherwin-Williams by 33.7% during the 2nd quarter. Childress Capital Advisors LLC now owns 984 shares of the specialty chemicals company's stock valued at $338,000 after acquiring an additional 248 shares during the last quarter. PFG Investments LLC lifted its position in shares of Sherwin-Williams by 7.8% during the 2nd quarter. PFG Investments LLC now owns 688 shares of the specialty chemicals company's stock valued at $236,000 after acquiring an additional 50 shares during the last quarter. Truist Financial Corp lifted its position in shares of Sherwin-Williams by 1.7% during the 2nd quarter. Truist Financial Corp now owns 48,053 shares of the specialty chemicals company's stock valued at $16,500,000 after acquiring an additional 826 shares during the last quarter. Finally, Chicago Capital LLC acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $664,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

SHW opened at $343.80 on Friday. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. 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 capitalization of $85.72 billion, a P/E ratio of 34.11, a PEG ratio of 2.84 and a beta of 1.20. The stock has a fifty day moving average of $354.96 and a 200-day moving average of $348.41.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly 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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the company posted $3.70 earnings per share. The company's 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. Equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SHW shares. Loop Capital cut their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Evercore ISI increased their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Mizuho cut their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their target price for the company from $296.00 to $375.00 in a report on Thursday, August 14th. Finally, Wells Fargo & Company reduced their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company 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 data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 609 shares of the company's 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 transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the company'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 completion of the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $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. Corporate insiders own 0.60% of the company's stock.

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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