Rothschild Investment LLC Reduces Stake in The Sherwin-Williams Company $SHW

Rothschild Investment LLC reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 19.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,583 shares of the specialty chemicals company’s stock after selling 385 shares during the period. Rothschild Investment LLC’s holdings in Sherwin-Williams were worth $544,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SHW. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter valued at approximately $26,000. Valley National Advisers Inc. boosted its stake in Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares during the period. Salomon & Ludwin LLC bought a new position in Sherwin-Williams during the second quarter valued at $31,000. Saudi Central Bank purchased a new stake in shares of Sherwin-Williams in the first quarter valued at $33,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter worth about $33,000. 77.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $323.68 on Wednesday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The company has a market capitalization of $80.24 billion, a PE ratio of 31.58, a P/E/G ratio of 3.26 and a beta of 1.21. The company has a 50 day moving average price of $341.40 and a 200-day moving average price of $348.66. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping the consensus estimate of $3.44 by $0.15. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.Sherwin-Williams’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, equities analysts forecast 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 will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s payout ratio is presently 30.83%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Bank of America cut their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. UBS Group reissued a “buy” rating and set a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 price objective on Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given 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 target price of $390.87.

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.