IFP Advisors Inc Sells 141 Shares of The Sherwin-Williams Company $SHW

IFP Advisors Inc reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,500 shares of the specialty chemicals company’s stock after selling 141 shares during the quarter. IFP Advisors Inc’s holdings in Sherwin-Williams were worth $2,659,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SHW. Valley National Advisers Inc. increased its holdings in Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Synergy Investment Management LLC increased its holdings in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Sherwin-Williams in the first quarter worth approximately $30,000. Saudi Central Bank bought a new stake in Sherwin-Williams in the first quarter worth approximately $33,000. Finally, Flaharty Asset Management LLC bought a new stake in Sherwin-Williams in the first quarter worth approximately $33,000. 77.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research reports. BMO Capital Markets reduced their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. UBS Group reissued a “buy” rating and issued a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday. Finally, Loop Capital reduced their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $387.60.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams 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 sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. 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 Sherwin-Williams 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 sale, the chief accounting officer owned 377 shares in the company, valued at $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. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 0.2%

Shares of NYSE:SHW opened at $332.51 on Friday. The stock has a market cap of $82.90 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.77 and a beta of 1.20. The company has a quick ratio of 0.48, a current ratio of 0.78 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. The business’s 50 day moving average is $355.02 and its 200 day moving average is $348.40.

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 company 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 firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts forecast 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. Investors of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is presently 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.