Concurrent Investment Advisors LLC Purchases 952 Shares of The Sherwin-Williams Company $SHW

Key Points

• Concurrent Investment Advisors LLC increased its stake in The Sherwin-Williams Company by 6.9%, acquiring an additional 952 shares during Q2, bringing their total holdings to 14,734 shares valued at $5,059,000.
• Recent activity shows that insiders sold shares at different prices, with CAO James P. Lang selling 860 shares and insider Justin T. Binns selling 609 shares, indicating potential changes in ownership dynamics.
• According to Wall Street analysts, Sherwin-Williams has a consensus rating of "Moderate Buy" with a target price averaging $387.60, reflecting a mix of buy and hold ratings across various firms.

Concurrent Investment Advisors LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,734 shares of the specialty chemicals company's stock after purchasing an additional 952 shares during the period. Concurrent Investment Advisors LLC's holdings in Sherwin-Williams were worth $5,059,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SHW. Brighton Jones LLC increased its holdings in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 655 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock worth $308,000 after buying an additional 137 shares during the last quarter. GAMMA Investing LLC increased its holdings in Sherwin-Williams by 19.8% during the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company's stock worth $1,636,000 after buying an additional 773 shares during the last quarter. CVA Family Office LLC increased its holdings in Sherwin-Williams by 7.2% during the first quarter. CVA Family Office LLC now owns 553 shares of the specialty chemicals company's stock worth $193,000 after buying an additional 37 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Sherwin-Williams during the first quarter worth about $13,749,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction 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. The trade was a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams 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 sale, the insider owned 17,922 shares of the company's stock, valued at approximately $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. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of Sherwin-Williams in a report on Wednesday, October 8th. Citigroup reiterated a "neutral" rating and issued a $380.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. UBS Group reiterated a "buy" rating and issued a $400.00 target price (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Loop Capital reduced their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Finally, Evercore ISI lifted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $387.60.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $332.51 on Monday. The company has a 50 day moving average of $355.02 and a 200 day moving average of $348.45. The stock has a market cap of $82.91 billion, a P/E ratio of 32.99, a P/E/G ratio of 2.76 and a beta of 1.20. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. 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 issued its quarterly earnings data 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 firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business 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. The ex-dividend date was Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 1.0%. Sherwin-Williams's payout ratio is presently 31.35%.

About Sherwin-Williams

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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