Integrated Capital Management LLC Sells 205 Shares of The Sherwin-Williams Company $SHW

Integrated Capital Management LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,742 shares of the specialty chemicals company’s stock after selling 205 shares during the period. Sherwin-Williams comprises approximately 1.3% of Integrated Capital Management LLC’s portfolio, making the stock its 17th biggest position. Integrated Capital Management LLC’s holdings in Sherwin-Williams were worth $2,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moors & Cabot Inc. raised its position in Sherwin-Williams by 0.4% in the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after buying an additional 39 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Sherwin-Williams in the 1st quarter worth $515,000. Kingswood Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock valued at $352,000 after purchasing an additional 201 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Sherwin-Williams during the first quarter valued at about $306,000. Finally, Moody Lynn & Lieberson LLC grew its position in Sherwin-Williams by 138.0% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after purchasing an additional 11,828 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Up 0.8%

Shares of SHW stock opened at $346.80 on Friday. The stock has a market capitalization of $86.47 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 2.88 and a beta of 1.20. The company’s fifty day simple moving average is $355.10 and its two-hundred day simple moving average is $348.59. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. 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 quarterly earnings results 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). The company had revenue of $6.31 billion during 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%. Sherwin-Williams’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SHW shares. Wells Fargo & Company cut their target price on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Saturday, September 27th. JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. 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. Finally, Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and increased their target price for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $387.27.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer owned 377 shares of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction on 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. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by 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.