KFA Private Wealth Group LLC Buys New Holdings in The Sherwin-Williams Company $SHW

Key Points

• KFA Private Wealth Group LLC acquired 4,802 shares of The Sherwin-Williams Company, valued at approximately $1,649,000, during the second quarter of 2023.
• Several large investors, including Valley National Advisers Inc. and Synergy Investment Management LLC, have increased their stakes in Sherwin-Williams significantly, demonstrating strong institutional interest in the company.
• Sherwin-Williams reported a miss in earnings with $3.38 per share, missing analysts' estimates of $3.76, and announced a quarterly dividend of $0.79 with a yield of 1.0%.

KFA Private Wealth Group LLC acquired a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,802 shares of the specialty chemicals company's stock, valued at approximately $1,649,000.

Several other large investors have also made changes to their positions in the business. Valley National Advisers Inc. boosted its stake in shares of Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 34 shares during the last quarter. Synergy Investment Management LLC boosted its stake in shares of Sherwin-Williams by 583.3% in the first 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 last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams in the 1st quarter worth approximately $30,000. Saudi Central Bank purchased a new stake in Sherwin-Williams in the 1st quarter worth approximately $33,000. Finally, Flaharty Asset Management LLC purchased a new stake in Sherwin-Williams in the 1st quarter worth approximately $33,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 609 shares of the firm's 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 transaction, the insider directly owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly 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. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SHW. BMO Capital Markets lowered their price target 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. Mizuho lowered their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lowered 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 note on Wednesday, July 23rd. Citigroup reissued a "neutral" rating and set a $380.00 target price (up from $375.00) on shares of Sherwin-Williams in a research note on Monday. Finally, Evercore ISI increased their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $387.60.

Sherwin-Williams Trading Down 0.2%

Shares of Sherwin-Williams stock opened at $332.51 on Friday. The firm has a market capitalization of $82.90 billion, a PE ratio of 32.99, a P/E/G ratio of 2.77 and a beta of 1.20. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The firm's 50-day moving average price is $355.02 and its 200 day moving average price is $348.40. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams's dividend payout ratio (DPR) is presently 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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