Howe & Rusling Inc. Has $549,000 Stake in The Sherwin-Williams Company $SHW

Howe & Rusling Inc. grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 33.9% during the first quarter, Holdings Channel.com reports. The firm owned 1,572 shares of the specialty chemicals company’s stock after buying an additional 398 shares during the period. Howe & Rusling Inc.’s holdings in Sherwin-Williams were worth $549,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Cim LLC grew its stake in shares of Sherwin-Williams by 2.7% in the 1st quarter. Cim LLC now owns 7,528 shares of the specialty chemicals company’s stock valued at $2,629,000 after buying an additional 200 shares in the last quarter. Drummond Knight Asset Management Pty Ltd bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $10,616,000. CBIZ Investment Advisory Services LLC grew its stake in shares of Sherwin-Williams by 41.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company’s stock valued at $39,000 after buying an additional 33 shares in the last quarter. Modern Wealth Management LLC grew its stake in shares of Sherwin-Williams by 57.6% in the 1st quarter. Modern Wealth Management LLC now owns 1,382 shares of the specialty chemicals company’s stock valued at $483,000 after buying an additional 505 shares in the last quarter. Finally, Anderson Financial Strategies LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SHW shares. Wells Fargo & Company lowered their price target 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. Citigroup lowered their price target on Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Evercore ISI boosted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. UBS Group decreased their target price on Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $387.27.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin T. Binns sold 609 shares of the 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 sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of NYSE SHW opened at $360.59 on Friday. The business has a fifty day simple moving average of $354.25 and a 200 day simple moving average of $349.22. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $89.91 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 3.06 and a beta of 1.18. 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 released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) 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 company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the company earned $3.70 earnings per share. The business’s 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 expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

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.