OneAscent Family Office LLC Makes New Investment in The Sherwin-Williams Company $SHW

OneAscent Family Office LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 722 shares of the specialty chemicals company’s stock, valued at approximately $248,000.

Several other large investors have also added to or reduced their stakes in the business. Valley Brook Capital Group Inc. grew its position in shares of Sherwin-Williams by 2.4% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock worth $450,000 after buying an additional 31 shares during the period. Jessup Wealth Management Inc increased its stake in Sherwin-Williams by 1.4% in the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock valued at $804,000 after purchasing an additional 32 shares in the last quarter. Nicolet Advisory Services LLC increased its stake in Sherwin-Williams by 3.1% in the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 33 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Sherwin-Williams by 41.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 33 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Sherwin-Williams by 1.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company’s stock worth $927,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of the company’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 sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Trading Down 2.0%

Shares of SHW stock opened at $335.97 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The firm has a market cap of $83.28 billion, a P/E ratio of 32.78, a PEG ratio of 3.26 and a beta of 1.21. The company has a 50 day moving average of $346.77 and a 200-day moving average of $348.81. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42.

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

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $0.79 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SHW shares. Loop Capital decreased their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. UBS Group reiterated a “buy” rating and issued a $422.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Finally, Evercore ISI boosted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $390.87.

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.