Welch Group LLC Has $7.86 Million Stake in The Sherwin-Williams Company $SHW

Welch Group LLC raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 4.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 22,897 shares of the specialty chemicals company’s stock after acquiring an additional 892 shares during the period. Welch Group LLC’s holdings in Sherwin-Williams were worth $7,862,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Synergy Investment Management LLC increased its holdings 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 valued at $29,000 after purchasing an additional 70 shares in the last quarter. Valley National Advisers Inc. increased its holdings 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 valued at $28,000 after purchasing an additional 34 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $30,000. Saudi Central Bank acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $33,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the subject of a number of research reports. Evercore ISI raised their price target 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. UBS Group reissued a “buy” rating and issued a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Loop Capital reduced their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company set a $395.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Friday. Finally, BMO Capital Markets reduced their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $387.60.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider directly owned 17,922 shares of the company’s stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO James P. Lang sold 860 shares of the business’s stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $332.51 on Monday. The firm’s 50 day moving average price is $355.02 and its two-hundred day moving average price is $348.45. The stock has a market cap of $82.91 billion, a PE ratio of 32.99, a PEG ratio of 2.76 and a beta of 1.20. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week 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.

Sherwin-Williams (NYSE:SHW) last announced 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 firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company 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 1.0%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 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.