Venturi Wealth Management LLC Lowers Stake in The Sherwin-Williams Company $SHW

Venturi Wealth Management LLC lessened its stake in The Sherwin-Williams Company (NYSE:SHW) by 4.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,262 shares of the specialty chemicals company’s stock after selling 206 shares during the quarter. Venturi Wealth Management LLC’s holdings in Sherwin-Williams were worth $1,463,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SHW. Brighton Jones LLC lifted its holdings in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after buying an additional 655 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Sherwin-Williams by 60.1% in the first quarter. Capital Investment Advisors LLC now owns 1,180 shares of the specialty chemicals company’s stock worth $412,000 after buying an additional 443 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new position in shares of Sherwin-Williams in the first quarter worth $359,000. Wesbanco Bank Inc. lifted its holdings in shares of Sherwin-Williams by 6.5% in the first quarter. Wesbanco Bank Inc. now owns 1,828 shares of the specialty chemicals company’s stock worth $638,000 after buying an additional 112 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Sherwin-Williams by 74.4% in the first quarter. Farther Finance Advisors LLC now owns 6,769 shares of the specialty chemicals company’s stock worth $2,373,000 after buying an additional 2,887 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams 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 sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $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 owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SHW shares. Wells Fargo & Company lowered their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Citigroup restated a “neutral” rating and issued a $380.00 target price (up from $375.00) on shares of Sherwin-Williams in a report on Monday. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and increased their price target for the company from $296.00 to $375.00 in a report on Thursday, August 14th. Finally, BMO Capital Markets reduced their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $387.93.

Sherwin-Williams Trading Up 0.1%

SHW opened at $337.48 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The stock’s 50 day moving average price is $355.21 and its 200-day moving average price is $348.53. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The stock has a market cap of $84.14 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 2.80 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). The business 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%. Sherwin-Williams’s revenue was up .6% compared to the same quarter last year. During the same quarter 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, equities analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

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.