Wilson Asset Management International PTY Ltd. Has $7.32 Million Position in The Sherwin-Williams Company $SHW

Wilson Asset Management International PTY Ltd. grew its holdings in The Sherwin-Williams Company (NYSE:SHW) by 112.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,322 shares of the specialty chemicals company’s stock after purchasing an additional 11,286 shares during the quarter. Sherwin-Williams comprises 1.8% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 23rd biggest holding. Wilson Asset Management International PTY Ltd.’s holdings in Sherwin-Williams were worth $7,321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHW. Synergy Investment Management LLC grew its position in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 70 shares in the last quarter. Valley National Advisers Inc. grew its position in Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Sherwin-Williams during the first quarter worth about $30,000. Saudi Central Bank acquired a new stake in Sherwin-Williams during the first quarter worth about $33,000. Finally, Flaharty Asset Management LLC acquired a new stake in Sherwin-Williams during the first quarter worth about $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $380.00 price objective (up from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Loop Capital decreased their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. BMO Capital Markets decreased their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Bank of America upgraded 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 research report on Thursday, August 14th. Finally, UBS Group reissued a “buy” rating and issued a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $387.60.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $331.98 on Tuesday. The firm has a fifty day moving average of $354.70 and a two-hundred day moving average of $348.40. The stock has a market capitalization of $82.77 billion, a price-to-earnings ratio of 32.93, 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 issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insiders Place Their Bets

In related news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this link. Also, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $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 corporate insiders.

Sherwin-Williams Company 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.