Chesley Taft & Associates LLC Has $4.32 Million Holdings in The Sherwin-Williams Company $SHW
by Scott Moore · The Cerbat GemChesley Taft & Associates LLC trimmed its stake in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,584 shares of the specialty chemicals company’s stock after selling 320 shares during the period. Chesley Taft & Associates LLC’s holdings in Sherwin-Williams were worth $4,321,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of SHW. Moors & Cabot Inc. lifted its position in shares of Sherwin-Williams by 0.4% in the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after purchasing an additional 39 shares during the period. Ransom Advisory Ltd acquired a new position in Sherwin-Williams in the first quarter valued at $515,000. Kingswood Wealth Advisors LLC boosted its position in Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock valued at $352,000 after acquiring an additional 201 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Sherwin-Williams during the 1st quarter worth about $306,000. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Sherwin-Williams by 18.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock valued at $308,000 after purchasing an additional 137 shares during the period. 77.67% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on SHW shares. BMO Capital Markets lowered their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Mizuho cut their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI boosted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Wells Fargo & Company reduced their price objective on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Finally, Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $387.27.
View Our Latest Analysis on SHW
Insider Transactions at Sherwin-Williams
In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the stock in a transaction dated 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 owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 in the company, valued at $132,081.95. The trade was 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 owned by company insiders.
Sherwin-Williams Trading Down 1.2%
Shares of SHW stock opened at $352.80 on Wednesday. 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 firm has a market cap of $87.96 billion, a P/E ratio of 35.00, a PEG ratio of 2.97 and a beta of 1.18. The company has a 50 day moving average of $354.61 and a 200-day moving average of $349.09. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.
Sherwin-Williams (NYSE:SHW – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the company posted $3.70 earnings per share. Sherwin-Williams’s revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.
Sherwin-Williams Announces Dividend
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 $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s payout ratio is currently 31.35%.
Sherwin-Williams 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.
Read More
- Five stocks we like better than Sherwin-Williams
- How Technical Indicators Can Help You Find Oversold Stocks
- Is It Time to Trim Your Positions in These 2 AI Stocks?
- Using the MarketBeat Dividend Yield Calculator
- These 3 Tech Stocks Just Supercharged Their Buybacks
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 3 Dividend Stocks to Hold Through Market Volatility This Fall
Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW – Free Report).