Nordea Investment Management AB Acquires 36,200 Shares of The Sherwin-Williams Company $SHW

Nordea Investment Management AB grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 50.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,492 shares of the specialty chemicals company’s stock after buying an additional 36,200 shares during the period. Nordea Investment Management AB’s holdings in Sherwin-Williams were worth $37,203,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Valley Brook Capital Group Inc. grew its position in 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 valued at $450,000 after purchasing an additional 31 shares during the last quarter. Nicolet Advisory Services LLC grew its position in Sherwin-Williams by 3.1% during 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 during the last quarter. Integrated Wealth Concepts LLC grew its position in 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 valued at $927,000 after purchasing an additional 33 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in 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 valued at $39,000 after purchasing an additional 33 shares during the last quarter. Finally, Beacon Financial Group grew its position in Sherwin-Williams by 5.1% during the 2nd quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company’s stock valued at $235,000 after purchasing an additional 33 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SHW. Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company set a $395.00 target price on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday, October 10th. 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 research note on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.13.

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of the company’s 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 of the company’s stock, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO James P. Lang sold 860 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following 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. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Price Performance

NYSE SHW opened at $330.99 on Friday. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The firm has a market capitalization of $82.53 billion, a P/E ratio of 32.84, a PEG ratio of 3.10 and a beta of 1.20. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average price of $353.22 and a 200-day moving average price of $347.90.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results 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 period in the previous year, the company earned $3.70 EPS. Sherwin-Williams’s revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

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.