OFI Invest Asset Management Boosts Stock Holdings in The Sherwin-Williams Company $SHW

OFI Invest Asset Management lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.8% during the second quarter, Holdings Channel reports. The fund owned 2,186 shares of the specialty chemicals company’s stock after acquiring an additional 195 shares during the period. OFI Invest Asset Management’s holdings in Sherwin-Williams were worth $751,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SHW. Brighton Jones LLC increased its position in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after acquiring an additional 655 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock worth $308,000 after acquiring an additional 137 shares during the period. GAMMA Investing LLC increased its position in shares of Sherwin-Williams by 19.8% during the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company’s stock worth $1,636,000 after acquiring an additional 773 shares during the period. CVA Family Office LLC increased its position in shares of Sherwin-Williams by 7.2% during the first quarter. CVA Family Office LLC now owns 553 shares of the specialty chemicals company’s stock worth $193,000 after acquiring an additional 37 shares during the period. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Sherwin-Williams during the first quarter worth $13,749,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity

In other 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 sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of the stock in a transaction dated Wednesday, August 6th. The stock was 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 of the company’s stock, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent research reports. Loop Capital cut their price objective 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. Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and increased their target price for the company from $296.00 to $375.00 in a report on Thursday, August 14th. UBS Group reissued a “buy” rating and issued a $400.00 target price (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. Finally, Mizuho dropped their target price on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $387.60.

Sherwin-Williams Stock Performance

NYSE SHW opened at $332.51 on Monday. 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 Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The company has a market capitalization of $82.91 billion, a PE ratio of 32.99, a P/E/G ratio of 2.76 and a beta of 1.20. The company has a fifty day moving average of $355.02 and a two-hundred day moving average of $348.45.

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. As a group, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $0.79 per share. The ex-dividend date was Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 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.