Y Intercept Hong Kong Ltd Cuts Stock Holdings in The Sherwin-Williams Company $SHW

Y Intercept Hong Kong Ltd lowered its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,274 shares of the specialty chemicals company’s stock after selling 863 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Sherwin-Williams were worth $1,468,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Valley National Advisers Inc. raised 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 purchasing an additional 34 shares during the period. Synergy Investment Management LLC raised its stake in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 70 shares during the period. Salomon & Ludwin LLC purchased a new position in Sherwin-Williams during the second quarter worth approximately $31,000. Saudi Central Bank purchased a new position in Sherwin-Williams during the first quarter worth approximately $33,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Sherwin-Williams in the first quarter worth $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SHW. BMO Capital Markets dropped 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 report on Wednesday, July 23rd. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday. Loop Capital dropped their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $390.87.

Sherwin-Williams Price Performance

SHW opened at $344.86 on Monday. The company has a fifty day simple moving average of $348.29 and a 200 day simple moving average of $348.74. The firm has a market cap of $85.49 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 3.26 and a beta of 1.20. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a current ratio of 0.82, a quick ratio of 0.48 and a debt-to-equity ratio of 2.11.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, 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 $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by company 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.