Avalon Global Asset Management LLC Acquires Shares of 30,000 The Sherwin-Williams Company $SHW

Key Points

• Avalon Global Asset Management LLC acquired 30,000 shares of The Sherwin-Williams Company, valued at approximately $10.5 million, making it the firm's 16th largest investment.
• Several institutional investors, including Brighton Jones LLC and Integrated Wealth Concepts LLC, have increased their stakes in Sherwin-Williams during the 4th quarter, with 77.67% of the stock now owned by hedge funds and institutional investors.
• Wall Street analysts have a generally positive outlook for Sherwin-Williams, with an average target price of $388.60 and ratings spread across Buy, Hold, and Strong Buy categories.

Avalon Global Asset Management LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,000 shares of the specialty chemicals company's stock, valued at approximately $10,476,000. Sherwin-Williams makes up about 1.5% of Avalon Global Asset Management LLC's investment portfolio, making the stock its 16th largest holding.

Other hedge funds have also modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $27,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams during the first quarter valued at about $27,000. 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 acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the first quarter valued at about $30,000. Finally, HWG Holdings LP acquired a new stake in shares of Sherwin-Williams during the first quarter valued at about $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.3%

SHW stock traded down $1.01 during midday trading on Thursday, reaching $366.39. 1,136,946 shares of the company were exchanged, compared to its average volume of 2,048,537. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. 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 $350.03 and its 200 day simple moving average is $348.33. The company has a market cap of $91.35 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 3.05 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 15th. Sherwin-Williams's payout ratio is currently 31.35%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Loop Capital lowered their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. UBS Group lowered their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company lowered their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets decreased their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the business'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 transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction 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 transaction, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams 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.