The Sherwin-Williams Company $SHW Shares Acquired by JLB & Associates Inc.

JLB & Associates Inc. boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 38,323 shares of the specialty chemicals company’s stock after purchasing an additional 854 shares during the period. Sherwin-Williams accounts for approximately 1.8% of JLB & Associates Inc.’s investment portfolio, making the stock its 22nd biggest holding. JLB & Associates Inc.’s holdings in Sherwin-Williams were worth $13,159,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SHW. Brighton Jones LLC boosted its stake 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 valued at $525,000 after buying an additional 655 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 19.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,201 shares of the specialty chemicals company’s stock valued at $1,467,000 after acquiring an additional 670 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Sherwin-Williams by 1.9% during the first quarter. Rhumbline Advisers now owns 439,208 shares of the specialty chemicals company’s stock valued at $153,367,000 after buying an additional 8,359 shares during the period. Czech National Bank increased its stake in Sherwin-Williams by 5.9% in the first quarter. Czech National Bank now owns 53,219 shares of the specialty chemicals company’s stock valued at $18,584,000 after purchasing an additional 2,980 shares during the last quarter. Finally, NBC Securities Inc. raised its stake in Sherwin-Williams by 172,500.0% during the first quarter. NBC Securities Inc. now owns 1,726 shares of the specialty chemicals company’s stock worth $602,000 after purchasing an additional 1,725 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

NYSE SHW opened at $342.61 on Tuesday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The firm has a market cap of $85.42 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 2.84 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The stock’s 50-day moving average is $354.82 and its two-hundred day moving average is $348.47.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the business posted $3.70 EPS. Sherwin-Williams’s revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders 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 31.35%.

Analysts Set New Price Targets

A number of research firms have weighed in on SHW. Loop Capital decreased their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company lowered their price target on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Citigroup dropped their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Finally, Evercore ISI boosted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. One equities 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. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $387.27.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the firm’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 completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of the business’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 value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This trade represents a 3.29% 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 insiders.

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.