Stock Yards Bank & Trust Co. Sells 736 Shares of The Sherwin-Williams Company $SHW

Stock Yards Bank & Trust Co. lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,419 shares of the specialty chemicals company’s stock after selling 736 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Sherwin-Williams were worth $3,921,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ascent Group LLC increased its holdings in shares of Sherwin-Williams by 19.1% in the second quarter. Ascent Group LLC now owns 4,029 shares of the specialty chemicals company’s stock worth $1,383,000 after purchasing an additional 645 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Sherwin-Williams by 17.0% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the specialty chemicals company’s stock worth $1,624,000 after acquiring an additional 687 shares in the last quarter. Mattern Capital Management LLC grew its position in Sherwin-Williams by 1.4% in the second quarter. Mattern Capital Management LLC now owns 28,893 shares of the specialty chemicals company’s stock worth $9,921,000 after acquiring an additional 410 shares in the last quarter. Hilltop National Bank purchased a new position in Sherwin-Williams in the second quarter worth $77,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Sherwin-Williams by 14.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,527 shares of the specialty chemicals company’s stock worth $20,096,000 after acquiring an additional 7,204 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $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.

Analysts Set New Price Targets

SHW has been the subject of several research reports. Mizuho cut their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Evercore ISI upped their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Saturday, September 27th. Finally, Loop Capital cut their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $387.27.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $346.80 on Friday. The company has a market cap of $86.47 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.86 and a beta of 1.20. The company has a 50-day moving average price of $355.10 and a 200-day moving average price of $348.49. 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 Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42.

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

Sherwin-Williams Announces Dividend

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

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.