CX Institutional Lowers Stake in The Sherwin-Williams Company $SHW

CX Institutional lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,348 shares of the specialty chemicals company’s stock after selling 371 shares during the quarter. CX Institutional’s holdings in Sherwin-Williams were worth $1,150,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. increased its position in shares of Sherwin-Williams by 6.0% in the second quarter. Global X Japan Co. Ltd. now owns 1,782 shares of the specialty chemicals company’s stock valued at $612,000 after acquiring an additional 101 shares during the period. Assenagon Asset Management S.A. boosted its stake in Sherwin-Williams by 601.0% during the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company’s stock worth $288,339,000 after acquiring an additional 719,965 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Sherwin-Williams in the second quarter worth approximately $639,000. Legacy Financial Strategies LLC lifted its stake in shares of Sherwin-Williams by 0.8% in the second quarter. Legacy Financial Strategies LLC now owns 10,867 shares of the specialty chemicals company’s stock worth $3,731,000 after buying an additional 90 shares in the last quarter. Finally, Carderock Capital Management Inc. lifted its stake in shares of Sherwin-Williams by 6.3% in the second quarter. Carderock Capital Management Inc. now owns 25,045 shares of the specialty chemicals company’s stock worth $8,599,000 after buying an additional 1,482 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SHW. Mizuho reduced their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Loop Capital cut their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Citigroup lowered their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $387.27.

Sherwin-Williams Trading Down 0.8%

Sherwin-Williams stock opened at $346.78 on Monday. 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 stock has a market cap of $86.46 billion, a PE ratio of 34.40, a P/E/G ratio of 2.88 and a beta of 1.18. The stock has a 50-day moving average price of $354.55 and a 200 day moving average price of $348.83. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the firm earned $3.70 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share 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 dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 15th. 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.