The Sherwin-Williams Company $SHW Shares Acquired by Advisory Alpha LLC

Advisory Alpha LLC lifted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,385 shares of the specialty chemicals company’s stock after purchasing an additional 106 shares during the period. Advisory Alpha LLC’s holdings in Sherwin-Williams were worth $1,880,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SHW. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter worth $27,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams in the first quarter valued at $27,000. Synergy Investment Management LLC boosted its holdings in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams during the 1st quarter worth $30,000. Finally, Saudi Central Bank purchased a new stake in Sherwin-Williams during the 1st quarter worth about $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 3.7%

Shares of Sherwin-Williams stock opened at $361.37 on Wednesday. The company has a fifty day simple moving average of $353.57 and a 200-day simple moving average of $348.94. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a market cap of $90.10 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 3.12 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) 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 company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the company earned $3.70 EPS. The business’s revenue was up .6% on a year-over-year basis. 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 fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a $0.79 dividend. 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 payout ratio is currently 31.35%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets decreased their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Evercore ISI boosted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Finally, Wells Fargo & Company decreased their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $387.27.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly 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 currently owned by corporate 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.