AEGON ASSET MANAGEMENT UK Plc Has $25.46 Million Stock Position in The Sherwin-Williams Company $SHW

AEGON ASSET MANAGEMENT UK Plc lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 12.0% in the second quarter, Holdings Channel.com reports. The firm owned 74,247 shares of the specialty chemicals company’s stock after acquiring an additional 7,948 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Sherwin-Williams were worth $25,456,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Synergy Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 70 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of 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 purchasing an additional 34 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $30,000. Saudi Central Bank acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $33,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $33,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHW has been the subject of several research reports. Wells Fargo & Company set a $395.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Friday. UBS Group reaffirmed a “buy” rating and set a $400.00 price objective (up previously from $395.00) on shares of Sherwin-Williams in a research report on Monday, October 6th. Bank of America cut their price objective on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday. Mizuho cut their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Finally, Evercore ISI raised their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $387.13.

Sherwin-Williams Trading Up 0.9%

Shares of SHW stock opened at $335.22 on Wednesday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The business’s 50 day moving average is $354.37 and its two-hundred day moving average is $348.31. The company has a market cap of $83.58 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW) last announced its quarterly 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the business earned $3.70 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following 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 SEC, which is available at the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm’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 sale, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

About Sherwin-Williams

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.