Zions Bancorporation National Association UT Raises Holdings in The Sherwin-Williams Company $SHW

Zions Bancorporation National Association UT raised its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,085 shares of the specialty chemicals company’s stock after acquiring an additional 181 shares during the period. Zions Bancorporation National Association UT’s holdings in Sherwin-Williams were worth $5,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHW. Valley National Advisers Inc. lifted its stake in shares of Sherwin-Williams by 68.0% in the 2nd 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. Salomon & Ludwin LLC acquired a new stake in Sherwin-Williams during the 2nd quarter worth approximately $31,000. Saudi Central Bank purchased a new position in Sherwin-Williams in the first quarter valued at approximately $33,000. Flaharty Asset Management LLC purchased a new position in Sherwin-Williams in the first quarter valued at approximately $33,000. Finally, Anderson Financial Strategies LLC acquired a new position in Sherwin-Williams during the first quarter valued at approximately $35,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SHW shares. UBS Group reissued a “buy” rating and issued a $422.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 29th. BMO Capital Markets reduced their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Evercore ISI boosted their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $390.87.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction on Monday, August 25th. The shares were 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. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Up 1.9%

Shares of NYSE SHW opened at $339.87 on Friday. 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 1 year low of $308.84 and a 1 year high of $400.42. The stock’s 50-day simple moving average is $345.59 and its 200-day simple moving average is $348.94. The firm has a market cap of $84.25 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 3.26 and a beta of 1.21.

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

Sherwin-Williams Announces Dividend

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

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.