True North Advisors LLC Lowers Stake in The Sherwin-Williams Company $SHW

Key Points

• True North Advisors LLC reduced its stake in The Sherwin-Williams Company by 20.1% in Q2, now holding 6,587 shares valued at approximately $2.26 million.
• Sherwin-Williams reported earnings of $3.38 per share for the last quarter, missing estimates by $0.38, with revenue slightly increasing by 0.6% compared to the previous year.
• The company announced a quarterly dividend of $0.79, with a current dividend payout ratio of 31.35% and an annualized yield of 0.9%.

True North Advisors LLC cut its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 20.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,587 shares of the specialty chemicals company's stock after selling 1,655 shares during the period. True North Advisors LLC's holdings in Sherwin-Williams were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of SHW. Moors & Cabot Inc. raised its holdings in Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock valued at $3,148,000 after acquiring an additional 39 shares during the period. Ransom Advisory Ltd bought a new position in shares of Sherwin-Williams in the first quarter worth about $515,000. Kingswood Wealth Advisors LLC grew its position in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after purchasing an additional 201 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Sherwin-Williams during the first quarter worth about $306,000. Finally, Wealthcare Advisory Partners LLC raised its stake in Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.8%

Shares of NYSE:SHW opened at $340.38 on Friday. The company has a market cap of $84.87 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.85 and a beta of 1.18. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. 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 has a 50-day moving average price of $354.77 and a 200 day moving average price of $348.51.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors 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 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SHW shares. Citigroup dropped their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company cut their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, UBS Group decreased their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $387.27.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

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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