Fifth Third Wealth Advisors LLC Has $1.53 Million Stock Holdings in The Sherwin-Williams Company $SHW

Fifth Third Wealth Advisors LLC lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,457 shares of the specialty chemicals company’s stock after acquiring an additional 256 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. increased its stake 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 worth $28,000 after acquiring an additional 34 shares during the last quarter. Synergy Investment Management LLC increased its stake in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams in the first quarter worth $30,000. Saudi Central Bank bought a new stake in Sherwin-Williams in the first quarter worth $33,000. Finally, Flaharty Asset Management LLC bought a new stake in Sherwin-Williams in the first quarter worth $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Bank of America upgraded shares of Sherwin-Williams from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday. Citigroup reiterated a “neutral” rating and issued a $380.00 price objective (up from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Finally, UBS Group reiterated a “buy” rating and issued a $400.00 price objective (up from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five 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 target price of $387.60.

Sherwin-Williams Stock Down 0.2%

SHW stock opened at $332.51 on Friday. 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 Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a 50-day moving average of $355.02 and a two-hundred day moving average of $348.43. The stock has a market capitalization of $82.90 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.77 and a beta of 1.20.

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

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This trade 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 available at this link. Also, insider Justin T. Binns sold 609 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

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.