Trust Co. of Toledo NA OH Purchases Shares of 315 The Sherwin-Williams Company $SHW

Trust Co. of Toledo NA OH bought a new position in The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 315 shares of the specialty chemicals company’s stock, valued at approximately $108,000.

Other large investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its position in shares of Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 34 shares during the period. Synergy Investment Management LLC grew its position in shares of Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter valued at $30,000. Saudi Central Bank purchased a new position in shares of Sherwin-Williams during the first quarter valued at $33,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter valued at $33,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW opened at $332.51 on Monday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The stock has a fifty day moving average price of $355.02 and a 200-day moving average price of $348.45. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The firm has a market cap of $82.91 billion, a PE ratio of 32.99, a P/E/G ratio of 2.76 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 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 business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter in the prior year, the company posted $3.70 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued 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 was Friday, August 15th. Sherwin-Williams’s dividend payout ratio is currently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was 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 owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Evercore ISI boosted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Mizuho reduced their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $296.00 to $375.00 in a report on Thursday, August 14th. Loop Capital lowered their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, UBS Group restated a “buy” rating and set a $400.00 target price (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $387.60.

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.