Kathmere Capital Management LLC Purchases 1,071 Shares of The Sherwin-Williams Company $SHW

Key Points

• Kathmere Capital Management LLC increased its stake in The Sherwin-Williams Company by 38.0%, acquiring an additional 1,071 shares for a total holding of 3,893 shares valued at approximately $1.34 million.
• The Sherwin-Williams Company recently reported earnings of $3.38 per share, missing expectations by ($0.38), while recording a slight year-over-year revenue increase of 0.6%.
• The company declared a quarterly dividend of $0.79 per share, translating to an annualized dividend of $3.16 and a yield of 0.9%.

Kathmere Capital Management LLC lifted its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 38.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,893 shares of the specialty chemicals company's stock after purchasing an additional 1,071 shares during the period. Kathmere Capital Management LLC's holdings in Sherwin-Williams were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new position in Sherwin-Williams during the 4th quarter worth $27,000. Perkins Coie Trust Co bought a new position in Sherwin-Williams during the 1st quarter worth $27,000. Synergy Investment Management LLC increased its stake 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 acquiring an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams during the 1st quarter worth $30,000. Finally, Saudi Central Bank bought a new position in Sherwin-Williams during the 1st quarter worth $33,000. 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 Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $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. 0.60% of the stock is owned by insiders.

Sherwin-Williams Trading Up 0.6%

NYSE SHW opened at $342.05 on Friday. 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 Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a market cap of $85.28 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 2.83 and a beta of 1.18. The business's fifty day moving average is $354.82 and its 200 day moving average is $348.43.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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 company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the business earned $3.70 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

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 $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams's payout ratio is currently 31.35%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective 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. UBS Group reduced their target price on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Bank of America raised 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 report on Thursday, August 14th. Finally, Citigroup reduced their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

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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