GC Wealth Management RIA LLC Boosts Holdings in The Sherwin-Williams Company $SHW

Key Points

• GC Wealth Management RIA LLC increased its holdings in Sherwin-Williams by 120.9%, owning 3,345 shares valued at approximately $1.15 million after acquiring additional shares in the second quarter.
• Sherwin-Williams reported earnings of $3.38 per share for the most recent quarter, missing estimates by $0.38, while its revenue met analyst expectations at $6.31 billion.
• The company announced a quarterly dividend of $0.79 per share, representing an annual yield of 0.9% and a payout ratio of 31.35%.

GC Wealth Management RIA LLC boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 120.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,345 shares of the specialty chemicals company's stock after buying an additional 1,831 shares during the period. GC Wealth Management RIA LLC's holdings in Sherwin-Williams were worth $1,149,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Sherwin-Williams by 21.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock worth $3,023,126,000 after acquiring an additional 1,505,341 shares during the last quarter. Nuveen LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $265,510,000. Assenagon Asset Management S.A. grew its position in shares of Sherwin-Williams by 601.0% in the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company's stock valued at $288,339,000 after purchasing an additional 719,965 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Sherwin-Williams by 223.1% in the first quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock valued at $214,883,000 after purchasing an additional 424,930 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Sherwin-Williams by 367.9% during the first quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company's stock worth $187,590,000 after buying an additional 422,410 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Trading Up 0.2%

Shares of NYSE:SHW opened at $342.61 on Tuesday. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $400.42. The company's 50 day moving average is $354.82 and its two-hundred day moving average is $348.47. The company has a market cap of $85.42 billion, a PE ratio of 33.99, a P/E/G ratio of 2.84 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 released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company's revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling

In other news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction 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 transaction, the insider directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction 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 transaction, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SHW shares. Wells Fargo & Company dropped their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Evercore ISI increased their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. UBS Group cut their price target 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. Mizuho lowered their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets cut their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has a consensus 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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