Jag Capital Management LLC Sells 23,167 Shares of The Sherwin-Williams Company $SHW

Jag Capital Management LLC decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 92.9% during the second quarter, HoldingsChannel reports. The fund owned 1,779 shares of the specialty chemicals company’s stock after selling 23,167 shares during the quarter. Jag Capital Management LLC’s holdings in Sherwin-Williams were worth $611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley Brook Capital Group Inc. grew its stake in shares of Sherwin-Williams by 2.4% during the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after buying an additional 31 shares during the last quarter. Nicolet Advisory Services LLC grew its stake in shares of Sherwin-Williams by 3.1% during the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock valued at $362,000 after buying an additional 33 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Sherwin-Williams by 1.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company’s stock valued at $927,000 after acquiring an additional 33 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in Sherwin-Williams by 41.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 33 shares during the last quarter. Finally, Beacon Financial Group grew its position in Sherwin-Williams by 5.1% in the 2nd quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company’s stock valued at $235,000 after acquiring an additional 33 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the firm’s 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 sale, the insider owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SHW has been the topic of several research analyst reports. Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Wells Fargo & Company set a $395.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Friday. Loop Capital dropped their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. UBS Group restated a “buy” rating and issued a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Finally, BMO Capital Markets dropped their target price 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $387.60.

Sherwin-Williams Stock Down 0.2%

Shares of Sherwin-Williams stock opened at $331.98 on Tuesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The firm’s 50-day moving average is $354.70 and its two-hundred day moving average is $348.40. The stock has a market cap of $82.77 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.76 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (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 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 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) 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.