Wealthspire Advisors LLC Grows Stock Position in The Sherwin-Williams Company $SHW

Wealthspire Advisors LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,030 shares of the specialty chemicals company’s stock after purchasing an additional 920 shares during the quarter. Wealthspire Advisors LLC’s holdings in Sherwin-Williams were worth $3,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Valley Brook Capital Group Inc. raised its holdings in Sherwin-Williams by 2.4% in the second quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company’s stock valued at $450,000 after acquiring an additional 31 shares in the last quarter. Jessup Wealth Management Inc increased its position in shares of Sherwin-Williams by 1.4% in the 2nd 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 during the last quarter. Nicolet Advisory Services LLC raised its holdings in shares of Sherwin-Williams by 3.1% in the 1st 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 lifted its position in shares of Sherwin-Williams by 41.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 33 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Sherwin-Williams by 1.3% during the first 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. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SHW shares. Loop Capital dropped their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Bank of America lowered their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Finally, Mizuho set a $400.00 target price on shares of Sherwin-Williams in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.87.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction 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 transaction, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Trading Up 1.8%

NYSE SHW opened at $329.71 on Thursday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The firm has a market cap of $81.73 billion, a PE ratio of 32.17, a P/E/G ratio of 3.26 and a beta of 1.21. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The firm’s fifty day moving average is $340.84 and its two-hundred day moving average is $348.52.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.15. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s dividend payout ratio is 30.83%.

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.