Davis R M Inc. Boosts Position in The Sherwin-Williams Company $SHW

Davis R M Inc. increased its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 14.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,790 shares of the specialty chemicals company’s stock after acquiring an additional 9,466 shares during the quarter. Davis R M Inc.’s holdings in Sherwin-Williams were worth $26,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. boosted its holdings in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth approximately $31,000. Saudi Central Bank purchased a new stake in shares of Sherwin-Williams during the 1st quarter valued at approximately $33,000. Flaharty Asset Management LLC acquired a new position in Sherwin-Williams in the first quarter valued at approximately $33,000. Finally, Anderson Financial Strategies LLC purchased a new position in Sherwin-Williams in the first quarter worth approximately $35,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Up 1.9%

NYSE SHW opened at $339.87 on Monday. 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 $84.25 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 3.26 and a beta of 1.21. The firm has a 50 day simple moving average of $345.59 and a 200-day simple moving average of $349.07. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42.

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. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the firm earned $3.37 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed 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. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.83%.

Analysts Set New Price Targets

SHW has been the subject of several recent analyst reports. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Mizuho set a $400.00 price objective on Sherwin-Williams in a research report on Wednesday, October 29th. UBS Group reaffirmed a “buy” rating and issued a $422.00 target price (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Evercore ISI increased their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Finally, Citigroup reissued a “neutral” rating and issued a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.87.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 609 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

About Sherwin-Williams

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.