740 Shares in The Sherwin-Williams Company $SHW Bought by D.B. Root & Company LLC

D.B. Root & Company LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the second quarter, Holdings Channel reports. The firm purchased 740 shares of the specialty chemicals company’s stock, valued at approximately $254,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Sherwin-Williams by 73.6% during the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock valued at $525,000 after purchasing an additional 655 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Sherwin-Williams in the first quarter worth approximately $209,000. Wedmont Private Capital grew its position in Sherwin-Williams by 13.9% during the first quarter. Wedmont Private Capital now owns 3,238 shares of the specialty chemicals company’s stock valued at $1,090,000 after acquiring an additional 395 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Sherwin-Williams by 10.0% during the first quarter. Miracle Mile Advisors LLC now owns 7,286 shares of the specialty chemicals company’s stock worth $2,544,000 after acquiring an additional 661 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in shares of Sherwin-Williams by 60.1% during the first quarter. Capital Investment Advisors LLC now owns 1,180 shares of the specialty chemicals company’s stock worth $412,000 after acquiring an additional 443 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insiders Place Their Bets

In other Sherwin-Williams news, 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. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction dated 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 directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sherwin-Williams in a report on Saturday, September 27th. 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. Wells Fargo & Company lowered their target price on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Mizuho reduced their price target on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Finally, Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $387.93.

Sherwin-Williams Stock Down 2.8%

NYSE SHW opened at $336.93 on Tuesday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The stock has a market capitalization of $84.01 billion, a PE ratio of 33.43, a PEG ratio of 2.88 and a beta of 1.20. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The business’s 50-day moving average is $355.12 and its 200 day moving average is $348.70.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same quarter last year, the business posted $3.70 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts forecast 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 was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams’s payout ratio is 31.35%.

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.