HB Wealth Management LLC Acquires 1,260 Shares of The Sherwin-Williams Company $SHW

Key Points

• HB Wealth Management LLC increased its stake in The Sherwin-Williams Company by 4.0%, now owning 33,086 shares valued at approximately $11.36 million.
• The company's stock recently reported a quarterly earnings miss of $3.38 per share, falling short of analyst expectations of $3.76.
• Sherwin-Williams announced a quarterly dividend of $0.79 per share, translating to an annualized dividend yield of 0.9%.

HB Wealth Management LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,086 shares of the specialty chemicals company's stock after buying an additional 1,260 shares during the period. HB Wealth Management LLC's holdings in Sherwin-Williams were worth $11,360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Venture Visionary Partners LLC boosted its holdings in Sherwin-Williams by 45.8% in the second quarter. Venture Visionary Partners LLC now owns 1,522 shares of the specialty chemicals company's stock worth $523,000 after purchasing an additional 478 shares during the last quarter. GC Wealth Management RIA LLC raised its position in shares of Sherwin-Williams by 120.9% during the 2nd quarter. GC Wealth Management RIA LLC now owns 3,345 shares of the specialty chemicals company's stock valued at $1,149,000 after buying an additional 1,831 shares in the last quarter. Independence Bank of Kentucky grew its holdings in Sherwin-Williams by 4.0% during the 2nd quarter. Independence Bank of Kentucky now owns 2,874 shares of the specialty chemicals company's stock valued at $987,000 after purchasing an additional 110 shares during the last quarter. Moody Lynn & Lieberson LLC grew its holdings in Sherwin-Williams by 138.0% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company's stock valued at $7,005,000 after purchasing an additional 11,828 shares during the last quarter. Finally, Addenda Capital Inc. bought a new position in Sherwin-Williams in the 2nd quarter worth about $2,380,000. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling

In related news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Justin T. Binns sold 609 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider owned 17,922 shares of the company's stock, valued at $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Up 0.2%

Shares of SHW stock opened at $342.61 on Tuesday. The stock has a market cap of $85.42 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 2.84 and a beta of 1.18. The stock has a fifty day moving average price of $354.82 and a 200 day moving average price of $348.47. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion during 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 business's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on SHW shares. Wells Fargo & Company lowered their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. UBS Group reduced their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Evercore ISI lifted their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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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