9,753 Shares of The Sherwin-Williams Company $SHW Purchased by Milestone Asset Management LLC

Key Points

• Milestone Asset Management acquired 9,753 Sherwin-Williams shares worth approximately $3.15 million during the third quarter. Institutional investors collectively own 77.67% of SHW’s outstanding stock.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $382.08; Goldman Sachs raised its target to $415 while retaining a buy rating.
• Sherwin-Williams exceeded quarterly earnings and revenue expectations, reporting $3.70 in EPS and $6.79 billion in revenue. The company also pays a quarterly dividend of $0.80 per share, yielding about 1.0% annually.

Milestone Asset Management LLC acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,753 shares of the specialty chemicals company's stock, valued at approximately $3,153,000.

Several other institutional investors and hedge funds have also bought and sold shares of SHW. BlackRock Inc. purchased a new position in shares of Sherwin-Williams in the second quarter worth approximately $6,100,083,000. Wellington Management Group LLP boosted its stake in shares of Sherwin-Williams by 133.7% in the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company's stock worth $958,821,000 after acquiring an additional 1,593,009 shares during the period. Bank of New York Mellon Corp purchased a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $547,097,000. Legal & General Group Plc purchased a new position in Sherwin-Williams during the second quarter valued at $459,652,000. Finally, Bank of America Corp DE purchased a new position in shares of Sherwin-Williams during the second quarter valued at about $412,339,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SHW. The Goldman Sachs Group restated a "buy" rating and issued a $415.00 price target (up from $390.00) on shares of Sherwin-Williams in a research report on Friday, October 9th. KeyCorp began coverage on Sherwin-Williams in a report on Thursday, September 10th. They issued a "sector weight" rating on the stock. Guggenheim assumed coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They issued a "buy" rating and a $400.00 price target on the stock. UBS Group set a $363.00 target price on Sherwin-Williams and gave the stock a "neutral" rating in a report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Sherwin-Williams from $355.00 to $375.00 and gave the company a "hold" rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $382.08.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $336.77 on Friday. The business's 50 day moving average price is $334.16 and its 200 day moving average price is $328.29. The firm has a market cap of $81.76 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.42 and a beta of 1.08. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, sell-side analysts expect that The Sherwin-Williams Company will post 12.09 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 21st were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Sherwin-Williams's payout ratio is 29.49%.

Insiders Place Their Bets

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin Binns sold 13,500 shares of Sherwin-Williams stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares of the company's stock, valued at approximately $7,737,179.90. This represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by insiders.

About Sherwin-Williams

The Sherwin-Williams Company NYSE: SHW manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.

Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.

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