The Sherwin-Williams Company $SHW Shares Sold by Raub Brock Capital Management LP

Key Points

• Raub Brock Capital Management LP has decreased its stake in The Sherwin-Williams Company by 2.3% during the 2nd quarter, now holding 52,372 shares valued at approximately $17.98 million.
• Several other institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc. MD, have recently increased their holdings in Sherwin-Williams, showcasing strong interest among major investors.
• In recent analyst ratings, Bank of America upgraded Sherwin-Williams from "underperform" to "neutral" and adjusted the price target from $296 to $375, indicating a positive shift in expectations for the stock.

Raub Brock Capital Management LP decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,372 shares of the specialty chemicals company's stock after selling 1,244 shares during the quarter. Sherwin-Williams comprises about 3.9% of Raub Brock Capital Management LP's investment portfolio, making the stock its 8th largest holding. Raub Brock Capital Management LP's holdings in Sherwin-Williams were worth $17,982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Sherwin-Williams by 1.1% during the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock valued at $7,711,004,000 after acquiring an additional 245,896 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Sherwin-Williams by 21.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock valued at $3,023,126,000 after acquiring an additional 1,505,341 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Sherwin-Williams by 2.2% during the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company's stock valued at $1,539,652,000 after acquiring an additional 93,209 shares during the period. PineStone Asset Management Inc. boosted its holdings in shares of Sherwin-Williams by 12.0% during the second quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company's stock valued at $577,222,000 after acquiring an additional 180,616 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Sherwin-Williams by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company's stock valued at $536,495,000 after purchasing an additional 64,325 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SHW. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Citigroup restated a "neutral" rating and set a $380.00 price objective (up from $375.00) on shares of Sherwin-Williams in a research note on Monday. BMO Capital Markets cut their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI lifted their price objective 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target of $387.93.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider owned 17,922 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated 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 transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $336.51 on Wednesday. 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 company's 50-day moving average price is $355.10 and its two-hundred day moving average price is $348.61. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The stock has a market cap of $83.90 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the firm posted $3.70 earnings per share. Sherwin-Williams'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. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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