Oppenheimer Asset Management Inc. Increases Position in The Sherwin-Williams Company $SHW

Oppenheimer Asset Management Inc. raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,825 shares of the specialty chemicals company’s stock after buying an additional 552 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Sherwin-Williams were worth $3,717,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. MQS Management LLC purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at $335,000. Leavell Investment Management Inc. grew its position in Sherwin-Williams by 11.3% in the 2nd quarter. Leavell Investment Management Inc. now owns 4,672 shares of the specialty chemicals company’s stock valued at $1,604,000 after acquiring an additional 474 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs increased its stake in Sherwin-Williams by 1.2% during the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 9,106 shares of the specialty chemicals company’s stock worth $3,127,000 after purchasing an additional 112 shares during the period. Focus Partners Advisor Solutions LLC lifted its position in shares of Sherwin-Williams by 27.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 1,818 shares of the specialty chemicals company’s stock worth $624,000 after purchasing an additional 388 shares in the last quarter. Finally, Sage Mountain Advisors LLC boosted its stake in shares of Sherwin-Williams by 19.4% in the second quarter. Sage Mountain Advisors LLC now owns 1,729 shares of the specialty chemicals company’s stock valued at $594,000 after purchasing an additional 281 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SHW. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI upped their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 26th. 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 report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Finally, Mizuho decreased their price objective on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $387.13.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated 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. The trade was a 69.52% decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction dated 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 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 is available in the SEC filing. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Up 5.7%

Shares of NYSE SHW opened at $355.09 on Wednesday. The business has a 50-day moving average of $349.61 and a two-hundred day moving average of $348.46. The company has a market capitalization of $88.53 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 3.15 and a beta of 1.20. 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 current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.15. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.21 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 14th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is 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.