JLB & Associates Inc. Purchases 854 Shares of The Sherwin-Williams Company $SHW

Key Points

• JLB & Associates Inc. increased its stake in The Sherwin-Williams Company by 2.3%, acquiring an additional 854 shares, which now total 38,323 shares valued at approximately $13.16 million.
• Sherwin-Williams reported $3.38 EPS for the last quarter, falling short of the consensus estimate of $3.76, with revenue slightly up by 0.6% year-over-year.
• The company declared a quarterly dividend of $0.79 per share, reflecting an annualized dividend yield of 0.9% and a payout ratio of 31.35%.

JLB & Associates Inc. lifted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,323 shares of the specialty chemicals company's stock after buying an additional 854 shares during the period. Sherwin-Williams comprises 1.8% of JLB & Associates Inc.'s holdings, making the stock its 22nd largest position. JLB & Associates Inc.'s holdings in Sherwin-Williams were worth $13,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Perkins Coie Trust Co bought a new position in shares of Sherwin-Williams during the 1st quarter valued at about $27,000. Synergy Investment Management LLC raised its holdings in Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams in the first quarter valued at approximately $30,000. Saudi Central Bank acquired a new position in shares of Sherwin-Williams in the first quarter valued at approximately $33,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Sherwin-Williams during the first quarter worth $33,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of SHW opened at $342.61 on Tuesday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The business has a fifty day moving average of $354.82 and a 200 day moving average of $348.47. The firm has a market capitalization of $85.42 billion, a P/E ratio of 33.99, a PEG ratio of 2.84 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.

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 (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period last year, the firm posted $3.70 earnings per share. The company'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. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on SHW shares. UBS Group cut their price objective on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Evercore ISI boosted their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. BMO Capital Markets decreased their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company cut their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Finally, Mizuho reduced their price target 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average target price of $387.27.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the company's 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 completion of the sale, the chief accounting officer owned 377 shares of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider 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 ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

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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