3,794 Shares in The Sherwin-Williams Company $SHW Purchased by Lindenwold Advisors INC

Key Points

• Lindenwold Advisors INC acquired 3,794 shares of The Sherwin-Williams Company for approximately $1.3 million during the second quarter.
• As of the company's latest earnings report, Sherwin-Williams had a market cap of $82.90 billion, with shares trading at $332.51, slightly below its 50-day average of $355.02.
• Analysts have set a consensus target price of $387.60 for Sherwin-Williams, with the stock receiving ratings ranging from "Buy" to "Hold" from various firms.

Lindenwold Advisors INC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,794 shares of the specialty chemicals company's stock, valued at approximately $1,303,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHW. Valley National Advisers Inc. raised 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 acquiring an additional 34 shares in the last quarter. Synergy Investment Management LLC raised its stake in shares of Sherwin-Williams by 583.3% in the 1st 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 in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sherwin-Williams in the 1st quarter valued at approximately $30,000. Saudi Central Bank bought a new position in shares of Sherwin-Williams in the 1st quarter valued at approximately $33,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Sherwin-Williams in the 1st quarter valued at approximately $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $332.51 on Friday. The stock's fifty day simple moving average is $355.02 and its 200 day simple moving average is $348.40. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The firm has a market cap of $82.90 billion, a price-to-earnings ratio of 32.99, a P/E/G ratio of 2.77 and a beta of 1.20. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) 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). The company 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%. Sherwin-Williams's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 1.0%. Sherwin-Williams's payout ratio is currently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the business's stock in a transaction 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 sale, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup reaffirmed a "neutral" rating and issued a $380.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a report on Monday. Mizuho lowered their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Sherwin-Williams in a report on Wednesday. UBS Group reaffirmed a "buy" rating and issued a $400.00 target price (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday. Finally, Wells Fargo & Company set a $395.00 target price on Sherwin-Williams and gave the company an "overweight" rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus target price of $387.60.

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.

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