Apella Capital LLC Invests $511,000 in The Sherwin-Williams Company $SHW

Key Points

• Apella Capital LLC made a new investment in The Sherwin-Williams Company, purchasing 1,477 shares valued at approximately $511,000 during the 2nd quarter.
• A number of hedge funds have significantly increased their holdings in Sherwin-Williams, with GAMMA Investing LLC raising its shares by 41,717.1% in the 1st quarter.
• Sherwin-Williams reported a quarterly earnings per share of $3.38, falling short of analysts' expectations, and set its FY 2025 guidance at 11.200-11.500 EPS.

Apella Capital LLC purchased a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,477 shares of the specialty chemicals company's stock, valued at approximately $511,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Vanguard Group Inc. increased its stake in shares of Sherwin-Williams by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock worth $7,711,004,000 after acquiring an additional 245,896 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Sherwin-Williams by 21.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock valued at $3,023,126,000 after purchasing an additional 1,505,341 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Sherwin-Williams by 2.2% in the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company's stock worth $1,539,652,000 after buying an additional 93,209 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Sherwin-Williams by 6.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,826,498 shares of the specialty chemicals company's stock valued at $620,881,000 after purchasing an additional 111,128 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Sherwin-Williams by 41,717.1% during the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after acquiring an additional 1,632,391 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James P. Lang sold 860 shares of the business's stock in a transaction that occurred 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 approximately $132,081.95. The trade was a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Sherwin-Williams Trading Down 0.8%

NYSE SHW traded down $2.78 during trading on Friday, hitting $346.78. The stock had a trading volume of 2,559,003 shares, compared to its average volume of 1,766,213. The company has a market capitalization of $86.46 billion, a PE ratio of 34.40, a PEG ratio of 2.88 and a beta of 1.18. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The firm has a 50 day moving average price of $354.55 and a 200 day moving average price of $348.90. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the prior year, the firm posted $3.70 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's payout ratio is currently 31.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup cut their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report 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. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price target for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Evercore ISI increased their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $387.27.

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.