Farther Finance Advisors LLC Purchases 4,358 Shares of The Sherwin-Williams Company $SHW

Key Points

• Farther Finance Advisors LLC increased its stake in The Sherwin-Williams Company by 64.4% during the second quarter, now holding 11,127 shares valued at approximately $3.82 million.
• Recent analyst ratings for Sherwin-Williams reveal a general downward adjustment, with Mizuho and Loop Capital lowering their target prices, while Bank of America upgraded the stock to a "neutral" rating.
• The Sherwin-Williams Company announced a quarterly dividend of $0.79 per share, translating to an annualized yield of 0.9% and a payout ratio of 31.35%.

Farther Finance Advisors LLC boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 64.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,127 shares of the specialty chemicals company's stock after acquiring an additional 4,358 shares during the period. Farther Finance Advisors LLC's holdings in Sherwin-Williams were worth $3,820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Moors & Cabot Inc. increased its stake in Sherwin-Williams by 0.4% during the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock valued at $3,148,000 after purchasing an additional 39 shares in the last quarter. Ransom Advisory Ltd bought a new position in shares of Sherwin-Williams during the first quarter valued at approximately $515,000. Kingswood Wealth Advisors LLC boosted its stake in Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after acquiring an additional 201 shares in the last quarter. Sowell Financial Services LLC bought a new position in Sherwin-Williams in the 1st quarter valued at approximately $306,000. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Sherwin-Williams by 18.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Insider Activity

In related news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction 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 transaction, the insider owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% 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, CAO James P. Lang sold 860 shares of the 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 transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SHW has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. BMO Capital Markets cut their price objective on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Mizuho dropped their price objective on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company reduced 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Stock Down 0.0%

Shares of NYSE SHW traded down $0.08 during mid-day trading on Monday, reaching $346.72. 1,224,126 shares of the company traded hands, compared to its average volume of 1,779,235. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The stock has a market cap of $86.45 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.88 and a beta of 1.18. The company's fifty day moving average is $354.60 and its two-hundred day moving average is $348.70. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share 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 firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the previous year, the firm earned $3.70 EPS. The company's 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. On average, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

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.