QRG Capital Management Inc. Raises Holdings in The Sherwin-Williams Company $SHW

QRG Capital Management Inc. increased its position in The Sherwin-Williams Company (NYSE:SHW) by 18.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 55,449 shares of the specialty chemicals company’s stock after purchasing an additional 8,740 shares during the period. QRG Capital Management Inc.’s holdings in Sherwin-Williams were worth $19,039,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. lifted its stake in Sherwin-Williams by 83.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 470,948 shares of the specialty chemicals company’s stock valued at $161,705,000 after buying an additional 213,690 shares during the last quarter. Ascent Group LLC increased its holdings in shares of Sherwin-Williams by 19.1% in the 2nd quarter. Ascent Group LLC now owns 4,029 shares of the specialty chemicals company’s stock valued at $1,383,000 after acquiring an additional 645 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Sherwin-Williams by 17.0% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,730 shares of the specialty chemicals company’s stock valued at $1,624,000 after purchasing an additional 687 shares during the last quarter. Mattern Capital Management LLC boosted its stake in Sherwin-Williams by 1.4% during the 2nd quarter. Mattern Capital Management LLC now owns 28,893 shares of the specialty chemicals company’s stock worth $9,921,000 after purchasing an additional 410 shares during the period. Finally, Hilltop National Bank purchased a new position in Sherwin-Williams during the 2nd quarter worth $77,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research reports. Evercore ISI upped their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. BMO Capital Markets decreased their price objective on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Loop Capital dropped their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. Finally, Mizuho lowered their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.27.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. The trade was 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 0.8%

NYSE:SHW opened at $346.80 on Friday. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. 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 fifty day moving average price of $355.10 and a two-hundred day moving average price of $348.59. The stock has a market capitalization of $86.47 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 2.88 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Sherwin-Williams 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.