The Sherwin-Williams Company $SHW Shares Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lifted its position in The Sherwin-Williams Company (NYSE:SHW) by 34.2% during the 2nd quarter, Holdings Channel reports. The firm owned 12,768 shares of the specialty chemicals company’s stock after buying an additional 3,257 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Sherwin-Williams were worth $4,384,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Moors & Cabot Inc. lifted its stake in shares of Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after acquiring an additional 39 shares during the period. Ransom Advisory Ltd bought a new position in Sherwin-Williams during the first quarter valued at approximately $515,000. Kingswood Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock worth $352,000 after buying an additional 201 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter worth $306,000. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company’s stock valued at $308,000 after buying an additional 137 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Trading Up 0.6%

Shares of SHW opened at $342.05 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The stock has a market capitalization of $85.28 billion, a PE ratio of 33.93, a P/E/G ratio of 2.84 and a beta of 1.18. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company’s fifty day moving average is $354.82 and its 200 day moving average is $348.42.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 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 period in the previous year, the firm earned $3.70 earnings per share. The company’s revenue for the quarter 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 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on SHW. JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Mizuho reduced their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company lowered their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, UBS Group cut their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $387.27.

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.