Chicago Capital LLC Invests $664,000 in The Sherwin-Williams Company $SHW

Key Points

• Chicago Capital LLC has invested approximately $664,000 into The Sherwin-Williams Company, acquiring 1,935 shares during the second quarter.
• Sherwin-Williams reported $3.38 EPS for the last quarter, missing analysts' estimates, while revenue remained steady at $6.31 billion.
• The company declared a quarterly dividend of $0.79 per share, representing an annualized yield of 0.9%.

Chicago Capital LLC acquired 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 (SEC). The fund acquired 1,935 shares of the specialty chemicals company's stock, valued at approximately $664,000.

A number of other hedge funds have also added to or reduced their stakes in SHW. Opal Wealth Advisors LLC lifted its position in Sherwin-Williams by 4.2% during the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock worth $276,000 after buying an additional 32 shares in the last quarter. Nicolet Advisory Services LLC raised its holdings in Sherwin-Williams by 3.1% during the first quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock worth $362,000 after acquiring an additional 33 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its position in Sherwin-Williams by 41.8% during the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock valued at $39,000 after purchasing an additional 33 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Sherwin-Williams by 1.3% in the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock valued at $927,000 after purchasing an additional 33 shares in the last quarter. Finally, Beacon Financial Group increased its position in shares of Sherwin-Williams by 5.1% during the 2nd quarter. Beacon Financial Group now owns 684 shares of the specialty chemicals company's stock worth $235,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Stock Up 1.0%

NYSE SHW opened at $346.32 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The company has a market cap of $86.35 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.85 and a beta of 1.18. The company has a 50 day moving average of $354.93 and a 200-day moving average of $348.45. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted 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). The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.Sherwin-Williams's revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued 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 31.35%.

Insider Transactions at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the 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 completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of the company's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SHW shares. Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $296.00 to $375.00 in a report on Thursday, August 14th. Mizuho decreased their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets dropped 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. Citigroup cut their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, Evercore ISI boosted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.

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