CHICAGO TRUST Co NA Acquires 2,605 Shares of The Sherwin-Williams Company $SHW

Key Points

• Chicago Trust Co NA increased its stake in The Sherwin-Williams Company by 57%, acquiring an additional 2,605 shares during the second quarter, bringing its total holdings to 7,176 shares worth approximately $2.46 million.
• Sherwin-Williams reported earnings of $3.38 per share for the last quarter, falling short of analysts' expectations of $3.76, with a revenue of $6.31 billion, matching estimates.
• The company announced a quarterly dividend of $0.79 per share, resulting in an annualized yield of 0.9% and a dividend payout ratio of 31.35%.

CHICAGO TRUST Co NA boosted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 57.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,176 shares of the specialty chemicals company's stock after acquiring an additional 2,605 shares during the period. CHICAGO TRUST Co NA's holdings in Sherwin-Williams were worth $2,464,000 as of its most recent filing with the Securities and Exchange Commission.

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

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $346.72 on Tuesday. The business's 50-day moving average price is $354.60 and its 200-day moving average price is $348.70. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The firm has a market capitalization of $86.45 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 2.88 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

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 analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the business posted $3.70 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

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

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the firm'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 transaction of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares in the company, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO James P. Lang sold 860 shares of the firm'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 transaction of $301,301.00. Following the transaction, 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SHW shares. JPMorgan Chase & Co. lowered their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. BMO Capital Markets lowered their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Loop Capital lowered their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Citigroup lowered their price objective on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. One research 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 stock. Based on data from MarketBeat.com, the company 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.

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