The Sherwin-Williams Company $SHW Shares Acquired by Amalgamated Bank

Amalgamated Bank raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 51,144 shares of the specialty chemicals company’s stock after buying an additional 814 shares during the quarter. Amalgamated Bank’s holdings in Sherwin-Williams were worth $17,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Moors & Cabot Inc. lifted its stake in Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after acquiring an additional 39 shares during the period. Johnson Investment Counsel Inc. raised its position 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 valued at $26,832,000 after acquiring an additional 38,228 shares in the last quarter. Ransom Advisory Ltd purchased a new position in Sherwin-Williams during the first quarter valued at approximately $515,000. Moody Lynn & Lieberson LLC raised its position in Sherwin-Williams by 138.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after acquiring an additional 11,828 shares in the last quarter. Finally, Lindenwold Advisors INC purchased a new position in Sherwin-Williams during the second quarter valued at approximately $1,303,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $347.40 on Friday. The firm has a market cap of $86.62 billion, a PE ratio of 33.89, a PEG ratio of 3.26 and a beta of 1.20. The firm has a fifty day moving average of $348.85 and a 200 day moving average of $348.51. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.48 and a current ratio of 0.82. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The firm 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 66.75% and a net margin of 11.05%.The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s payout ratio is currently 30.83%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SHW. Mizuho set a $400.00 price target on Sherwin-Williams in a research report on Wednesday. UBS Group reiterated a “buy” rating and set a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating and set a $392.00 price target (up from $380.00) on shares of Sherwin-Williams in a research report on Thursday. Finally, Royal Bank Of Canada set a $405.00 price target on Sherwin-Williams and gave the company an “outperform” rating in a research report on Wednesday. One investment 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $390.87.

Insider Buying and Selling

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The stock was 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 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 is available in the SEC filing. Insiders own 0.60% of the company’s stock.

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.