Integrity Alliance LLC. Acquires New Holdings in The Sherwin-Williams Company $SHW

Key Points

• Integrity Alliance LLC has acquired a new stake in The Sherwin-Williams Company during the first quarter, purchasing 1,180 shares valued at approximately $412,000.
• Multiple hedge funds have recently adjusted their positions in Sherwin-Williams, with significant activity from firms like Moors & Cabot and Kingswood Wealth Advisors, showcasing a strong institutional investor interest.
• Analysts have mixed sentiment regarding Sherwin-Williams, with target price adjustments from several firms, including a reduction from $390.00 to $378.00 by JPMorgan, yet others like Evercore ISI raising it to $400.00.

Integrity Alliance LLC. acquired a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,180 shares of the specialty chemicals company's stock, valued at approximately $412,000.

Other hedge funds have also recently bought and sold shares of the company. Moors & Cabot Inc. lifted its position in Sherwin-Williams by 0.4% in 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 during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Sherwin-Williams during the 1st quarter worth about $515,000. Kingswood Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 25.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after buying an additional 201 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter worth about $306,000. Finally, Wealthcare Advisory Partners LLC raised its position 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 worth $308,000 after buying an additional 137 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO James P. Lang sold 860 shares of the business's 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 approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target 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. Citigroup dropped their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Evercore ISI boosted their target price 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. BMO Capital Markets dropped their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. One investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $360.59 on Friday. The firm's 50 day simple moving average is $354.25 and its 200-day simple moving average is $349.22. The company has a market cap of $89.91 billion, a P/E ratio of 35.77, a price-to-earnings-growth ratio of 3.06 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42.

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 the consensus estimate of $3.76 by ($0.38). The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business's revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced 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 dividend payout ratio (DPR) is 31.35%.

Sherwin-Williams 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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