MGO One Seven LLC Buys 1,717 Shares of The Sherwin-Williams Company $SHW

MGO One Seven LLC grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,147 shares of the specialty chemicals company’s stock after acquiring an additional 1,717 shares during the period. MGO One Seven LLC’s holdings in Sherwin-Williams were worth $8,361,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SHW. MTM Investment Management LLC purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth $26,000. Valley National Advisers Inc. raised its holdings in shares of Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 34 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 44 shares during the period. Salomon & Ludwin LLC bought a new position in Sherwin-Williams during the 2nd quarter worth about $31,000. Finally, Delos Wealth Advisors LLC bought a new position in shares of Sherwin-Williams during the second quarter valued at approximately $36,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $352.87 on Monday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. The firm has a market capitalization of $87.47 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 4.36 and a beta of 1.26. The stock’s 50-day simple moving average is $333.17 and its 200-day simple moving average is $343.24.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS 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 analysts’ expectations of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. Sherwin-Williams’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, November 14th. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Citigroup raised Sherwin-Williams from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $392.00 to $390.00 in a research report on Thursday, December 18th. UBS Group reaffirmed a “buy” rating and set a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. Bank of America cut their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Finally, Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $388.88.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.