Laffer Tengler Investments Inc. Buys New Stake in The Sherwin-Williams Company $SHW

Laffer Tengler Investments Inc. acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,754 shares of the specialty chemicals company’s stock, valued at approximately $946,000.

A number of other hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. lifted 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 worth $28,000 after buying an additional 34 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in Sherwin-Williams during the 2nd quarter worth approximately $31,000. Saudi Central Bank acquired a new position in shares of Sherwin-Williams in the 1st quarter valued at approximately $33,000. Flaharty Asset Management LLC purchased a new position in shares of Sherwin-Williams during the 1st quarter valued at approximately $33,000. Finally, Anderson Financial Strategies LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction that occurred 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 owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 1.9%

NYSE:SHW opened at $339.87 on Monday. The stock 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 company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The business has a fifty day moving average of $345.59 and a 200-day moving average of $349.07.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same quarter last year, the business earned $3.37 earnings per share. The business’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 analysts predict 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. Investors of record on Friday, November 14th will be given a $0.79 dividend. The ex-dividend date is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.83%.

Analyst Upgrades and Downgrades

SHW has been the subject of several recent analyst reports. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Mizuho set a $400.00 target price on Sherwin-Williams in a report on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. Loop Capital reduced their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $390.87.

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.