The Sherwin-Williams Company $SHW Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 37.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,786 shares of the specialty chemicals company’s stock after buying an additional 3,217 shares during the quarter. Ritholtz Wealth Management’s holdings in Sherwin-Williams were worth $4,047,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Sherwin-Williams by 12.0% during the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 74,247 shares of the specialty chemicals company’s stock worth $25,456,000 after buying an additional 7,948 shares during the period. JGP Wealth Management LLC raised its position in Sherwin-Williams by 2.6% during the second quarter. JGP Wealth Management LLC now owns 3,349 shares of the specialty chemicals company’s stock worth $1,150,000 after acquiring an additional 86 shares during the last quarter. Sagespring Wealth Partners LLC raised its position in shares of Sherwin-Williams by 8.3% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,142 shares of the specialty chemicals company’s stock worth $1,766,000 after purchasing an additional 394 shares during the last quarter. IFC Advisors LLC raised its stake in Sherwin-Williams by 1.9% in the 2nd quarter. IFC Advisors LLC now owns 4,119 shares of the specialty chemicals company’s stock valued at $1,414,000 after purchasing an additional 77 shares during the last quarter. Finally, Wilson Asset Management International PTY Ltd. raised its holdings in Sherwin-Williams by 112.5% in the 2nd quarter. Wilson Asset Management International PTY Ltd. now owns 21,322 shares of the specialty chemicals company’s stock valued at $7,321,000 after acquiring an additional 11,286 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the company’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 sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of the company’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 of the company’s stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Performance

SHW stock opened at $332.81 on Thursday. The company has a market capitalization of $82.98 billion, a price-to-earnings ratio of 33.02, a P/E/G ratio of 2.78 and a beta of 1.20. The firm has a 50 day moving average of $354.01 and a two-hundred day moving average of $348.20. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the company posted $3.70 earnings per share. Sherwin-Williams’s quarterly 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, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SHW has been the subject of several recent research reports. Loop Capital lowered 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Bank of America dropped their price target on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday. Evercore ISI raised their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Finally, UBS Group reissued a “buy” rating and set a $400.00 price target (up from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. One research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $387.13.

Sherwin-Williams 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.