The Sherwin-Williams Company $SHW Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd lowered its holdings in The Sherwin-Williams Company (NYSE:SHW) by 13.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,038 shares of the specialty chemicals company’s stock after selling 1,785 shares during the quarter. Plato Investment Management Ltd’s holdings in Sherwin-Williams were worth $3,896,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Advisory Alpha LLC lifted its stake in shares of Sherwin-Williams by 2.0% in the first quarter. Advisory Alpha LLC now owns 5,385 shares of the specialty chemicals company’s stock valued at $1,880,000 after purchasing an additional 106 shares during the period. SCS Capital Management LLC acquired a new position in Sherwin-Williams during the first quarter worth about $242,000. Woodline Partners LP increased its holdings in Sherwin-Williams by 40.7% in the first quarter. Woodline Partners LP now owns 19,576 shares of the specialty chemicals company’s stock valued at $6,836,000 after buying an additional 5,661 shares in the last quarter. American Trust lifted its position in shares of Sherwin-Williams by 1.2% during the 1st quarter. American Trust now owns 6,951 shares of the specialty chemicals company’s stock valued at $2,427,000 after acquiring an additional 85 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock worth $2,178,000 after acquiring an additional 626 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on 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 approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of the business’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 completion of the transaction, the chief accounting officer owned 377 shares of the company’s stock, 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. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SHW has been the subject of several research analyst reports. Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “neutral” rating and raised their price target for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Loop Capital decreased their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI increased their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Finally, Citigroup cut their target price 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. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $387.27.

Sherwin-Williams Stock Down 3.7%

SHW opened at $361.37 on Wednesday. The firm has a market cap of $90.10 billion, a P/E ratio of 35.85, a PEG ratio of 3.12 and a beta of 1.18. The business’s fifty day simple moving average is $353.57 and its 200 day simple moving average is $348.94. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW) last announced its 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). 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 previous year, the firm posted $3.70 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid 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 0.9%. Sherwin-Williams’s dividend 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.