Wedbush Securities Inc. Buys 691 Shares of The Sherwin-Williams Company $SHW

Wedbush Securities Inc. raised its stake in The Sherwin-Williams Company (NYSE:SHW) by 18.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,478 shares of the specialty chemicals company’s stock after purchasing an additional 691 shares during the period. Wedbush Securities Inc.’s holdings in Sherwin-Williams were worth $1,538,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SHW. Valley Brook Capital Group Inc. grew its stake in Sherwin-Williams by 2.4% in 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 buying an additional 31 shares during the last quarter. Jessup Wealth Management Inc boosted its holdings in shares of Sherwin-Williams by 1.4% during the second quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company’s stock worth $804,000 after acquiring an additional 32 shares during the period. Nicolet Advisory Services LLC grew its position in shares of 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 during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Sherwin-Williams by 41.8% in 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 last quarter. Finally, Integrated Wealth Concepts LLC increased 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 during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock opened at $339.87 on Monday. The company’s 50-day moving average price is $345.59 and its two-hundred day moving average price is $349.07. The firm has a market cap of $84.25 billion, a P/E ratio of 33.16, a P/E/G ratio of 3.26 and a beta of 1.21. 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 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 quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The company 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 firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Activity

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Bank of America reduced their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. UBS Group reiterated a “buy” rating and issued a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.