Heartland Bank & Trust Co Invests $398,000 in The Sherwin-Williams Company $SHW

Key Points

• Heartland Bank & Trust Co has invested approximately $398,000 in The Sherwin-Williams Company, acquiring 1,159 shares of the specialty chemicals company in the second quarter.
• Major institutional investors like Vanguard Group and Price T Rowe Associates have increased their holdings in Sherwin-Williams, indicating strong institutional interest with over 77.67% of the company's stock owned by institutional investors.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Sherwin-Williams, with a projected average price target of $387.60.

Heartland Bank & Trust Co acquired a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,159 shares of the specialty chemicals company's stock, valued at approximately $398,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Sherwin-Williams by 1.1% in the first quarter. Vanguard Group Inc. now owns 22,082,544 shares of the specialty chemicals company's stock worth $7,711,004,000 after purchasing an additional 245,896 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Sherwin-Williams by 21.0% in 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 purchasing an additional 1,505,341 shares during the period. Alliancebernstein L.P. boosted its holdings in Sherwin-Williams by 2.2% in the first quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company's stock worth $1,539,652,000 after purchasing an additional 93,209 shares during the period. PineStone Asset Management Inc. boosted its holdings in Sherwin-Williams by 12.0% in the second quarter. PineStone Asset Management Inc. now owns 1,681,100 shares of the specialty chemicals company's stock worth $577,222,000 after purchasing an additional 180,616 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Sherwin-Williams by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,536,398 shares of the specialty chemicals company's stock worth $536,495,000 after purchasing an additional 64,325 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research reports. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. UBS Group reiterated a "buy" rating and issued a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. Loop Capital cut their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and raised their target price for the company from $296.00 to $375.00 in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. cut their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One research 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $387.60.

Insider Transactions at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated 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 directly owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, 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. 0.60% of the stock is owned by insiders.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $331.98 on Tuesday. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The firm's 50-day simple moving average is $354.70 and its 200 day simple moving average is $348.40. 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 stock has a market cap of $82.77 billion, a P/E ratio of 32.93, a P/E/G ratio of 2.76 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter in the prior year, the firm earned $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 15th. Sherwin-Williams's payout ratio is currently 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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