SS&H Financial Advisors Inc. Acquires Shares of 17,421 The Sherwin-Williams Company $SHW

SS&H Financial Advisors Inc. purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 17,421 shares of the specialty chemicals company’s stock, valued at approximately $5,982,000. Sherwin-Williams accounts for approximately 2.0% of SS&H Financial Advisors Inc.’s holdings, making the stock its 11th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Investment Management LLC increased its position 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 valued at $29,000 after buying an additional 70 shares during the period. Valley National Advisers Inc. increased its position 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 valued at $28,000 after buying an additional 34 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Sherwin-Williams during the second quarter valued at about $31,000. Saudi Central Bank purchased a new position in shares of Sherwin-Williams during the first quarter valued at about $33,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James P. Lang sold 860 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 377 shares of the company’s stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHW. Citigroup reiterated a “neutral” rating and set a $392.00 price target (up previously from $380.00) on shares of Sherwin-Williams in a research report on Thursday. Royal Bank Of Canada set a $405.00 price objective on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. 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 report on Tuesday, October 14th. Finally, UBS Group restated a “buy” rating and issued a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a report on Wednesday. One research 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 company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average target price of $390.87.

Sherwin-Williams Trading Down 0.9%

Shares of NYSE SHW opened at $344.86 on Friday. The firm’s 50 day moving average price is $348.29 and its 200-day moving average price is $348.62. The company has a market cap of $85.98 billion, a PE ratio of 33.64, a P/E/G ratio of 3.26 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 2.11, a quick ratio of 0.48 and a current ratio of 0.82.

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

Sherwin-Williams Dividend Announcement

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

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.