Signal Advisors Wealth LLC Acquires 4,225 Shares of The Sherwin-Williams Company $SHW

Signal Advisors Wealth LLC increased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 165.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,778 shares of the specialty chemicals company’s stock after purchasing an additional 4,225 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Sherwin-Williams were worth $2,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Johnson Investment Counsel Inc. boosted its holdings in Sherwin-Williams by 95.8% during the second quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after buying an additional 38,228 shares during the last quarter. Ransom Advisory Ltd bought a new position in Sherwin-Williams during the 1st quarter worth approximately $515,000. Moody Lynn & Lieberson LLC boosted its stake in Sherwin-Williams by 138.0% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock worth $7,005,000 after acquiring an additional 11,828 shares during the last quarter. Lindenwold Advisors INC acquired a new position in Sherwin-Williams during the second quarter valued at approximately $1,303,000. Finally, Vanguard Group Inc. increased its stake in Sherwin-Williams by 1.1% in the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after purchasing an additional 246,008 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Down 1.4%

SHW stock opened at $320.80 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. The stock has a market capitalization of $79.52 billion, a P/E ratio of 31.30, a P/E/G ratio of 3.84 and a beta of 1.24. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The business has a 50-day moving average of $335.37 and a 200-day moving average of $345.07.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the previous year, the business posted $3.37 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were given a $0.79 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.83%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several research analyst reports. Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Wednesday, October 29th. UBS Group reissued a “buy” rating and issued a $422.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and cut their price objective for the company from $392.00 to $390.00 in a report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $390.07.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.