The Sherwin-Williams Company $SHW Stake Cut by Private Wealth Asset Management LLC

Key Points

• Private Wealth Asset Management LLC reduced its stake in The Sherwin-Williams Company by 25.2%, now owning 5,412 shares valued at approximately $1.86 million.
• Sherwin-Williams reported earnings of $3.38 per share, missing analyst estimates by 38 cents, with revenue of $6.31 billion for the quarter.
• The company has received varied ratings from analysts, with a consensus target price of $387.13, and indications of a Moderate Buy rating.

Private Wealth Asset Management LLC reduced its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 25.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,412 shares of the specialty chemicals company's stock after selling 1,824 shares during the period. Private Wealth Asset Management LLC's holdings in Sherwin-Williams were worth $1,858,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Synergy Investment Management LLC lifted its stake in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares in the last quarter. Valley National Advisers Inc. lifted its stake in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 34 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams in the 1st quarter worth about $30,000. Saudi Central Bank acquired a new position in Sherwin-Williams in the 1st quarter worth about $33,000. Finally, Flaharty Asset Management LLC acquired a new position in Sherwin-Williams in the 1st quarter worth about $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $335.22 on Wednesday. The business has a 50 day moving average price of $354.37 and a 200 day moving average price of $348.31. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a market cap of $83.58 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.76 and a beta of 1.20. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the company earned $3.70 EPS. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company's stock, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SHW has been the topic of several research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. Citigroup reaffirmed a "neutral" rating and issued a $380.00 target price (up from $375.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Loop Capital dropped their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, UBS Group reaffirmed a "buy" rating and issued a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $387.13.

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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