Harbour Investments Inc. Has $916,000 Stake in The Sherwin-Williams Company $SHW

Harbour Investments Inc. trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.4% during the second quarter, Holdings Channel.com reports. The firm owned 2,668 shares of the specialty chemicals company’s stock after selling 152 shares during the period. Harbour Investments Inc.’s holdings in Sherwin-Williams were worth $916,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Sherwin-Williams by 12.0% during the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 74,247 shares of the specialty chemicals company’s stock worth $25,456,000 after purchasing an additional 7,948 shares during the period. JGP Wealth Management LLC raised its position in Sherwin-Williams by 2.6% in the 2nd quarter. JGP Wealth Management LLC now owns 3,349 shares of the specialty chemicals company’s stock valued at $1,150,000 after buying an additional 86 shares during the last quarter. Sagespring Wealth Partners LLC raised its position in Sherwin-Williams by 8.3% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,142 shares of the specialty chemicals company’s stock valued at $1,766,000 after buying an additional 394 shares during the last quarter. IFC Advisors LLC raised its position in Sherwin-Williams by 1.9% in the 2nd quarter. IFC Advisors LLC now owns 4,119 shares of the specialty chemicals company’s stock valued at $1,414,000 after buying an additional 77 shares during the last quarter. Finally, Wilson Asset Management International PTY Ltd. raised its position in Sherwin-Williams by 112.5% in the 2nd quarter. Wilson Asset Management International PTY Ltd. now owns 21,322 shares of the specialty chemicals company’s stock valued at $7,321,000 after buying an additional 11,286 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.1%

Shares of Sherwin-Williams stock opened at $330.99 on Friday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The firm has a market cap of $82.53 billion, a PE ratio of 32.84, a P/E/G ratio of 3.10 and a beta of 1.20. The stock has a fifty day moving average price of $353.22 and a 200-day moving average price of $347.90. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last announced 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). The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on SHW. Bank of America lowered their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. JPMorgan Chase & Co. lowered their price target on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. Evercore ISI increased their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Finally, BMO Capital Markets lowered their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $387.13.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the 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. This represents a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer owned 377 shares of the company’s stock, valued at $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 corporate insiders.

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.