First Financial Group Corp Purchases Shares of 5,285 The Sherwin-Williams Company $SHW

Key Points

• First Financial Group Corp purchased 5,285 shares of The Sherwin-Williams Company, valued at approximately $1,815,000, which accounts for 1.8% of its investment portfolio.
• Insider Justin T. Binns sold 609 shares for a total of $224,611.38, reducing his position by 3.29%, while CAO James P. Lang sold 860 shares, decreasing their stake by 69.52%.
• The Sherwin-Williams Company reported earnings of $3.38 per share for the last quarter, falling short of analysts’ expectations of $3.76, and set a FY 2025 EPS guidance of $11.200-11.500.

First Financial Group Corp bought a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 5,285 shares of the specialty chemicals company's stock, valued at approximately $1,815,000. Sherwin-Williams accounts for 1.8% of First Financial Group Corp's investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Slow Capital Inc. boosted its holdings in shares of Sherwin-Williams by 0.5% in the 2nd quarter. Slow Capital Inc. now owns 12,207 shares of the specialty chemicals company's stock worth $4,191,000 after purchasing an additional 55 shares during the period. Roundview Capital LLC boosted its holdings in shares of Sherwin-Williams by 5.2% in the 2nd quarter. Roundview Capital LLC now owns 15,464 shares of the specialty chemicals company's stock worth $5,310,000 after purchasing an additional 770 shares during the period. CFM Wealth Partners LLC boosted its holdings in shares of Sherwin-Williams by 3.8% in the 2nd quarter. CFM Wealth Partners LLC now owns 17,859 shares of the specialty chemicals company's stock worth $6,132,000 after purchasing an additional 661 shares during the period. KLP Kapitalforvaltning AS lifted its stake in shares of Sherwin-Williams by 2.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 114,282 shares of the specialty chemicals company's stock worth $39,240,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Spear Holdings RSC Ltd lifted its stake in shares of Sherwin-Williams by 87.5% during the 2nd quarter. Spear Holdings RSC Ltd now owns 467,750 shares of the specialty chemicals company's stock worth $160,607,000 after acquiring an additional 218,250 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO James P. Lang sold 860 shares of the business's 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 transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at approximately $132,081.95. The trade was a 69.52% 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.

Sherwin-Williams Trading Down 0.1%

Shares of NYSE SHW opened at $336.51 on Wednesday. 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 business has a fifty day simple moving average of $355.10 and a two-hundred day simple moving average of $348.61. The firm has a market cap of $83.90 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20. 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 issued 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). The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Analyst Ratings Changes

SHW has been the subject of a number of research analyst reports. Evercore ISI raised their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Citigroup reissued a "neutral" rating and set a $380.00 price target (up from $375.00) on shares of Sherwin-Williams in a research note on Monday. Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. BMO Capital Markets decreased their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Loop Capital decreased their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $387.93.

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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