KFG Wealth Management LLC Purchases Shares of 924 The Sherwin-Williams Company $SHW

Key Points

• KFG Wealth Management LLC acquired 924 shares of The Sherwin-Williams Company, valued at approximately $317,000, during the second quarter.
• Insider transactions saw CAO James P. Lang sell 860 shares for over $301,000, marking a significant reduction in his holding.
• Despite a recent earnings miss, analysts maintain a generally positive outlook on Sherwin-Williams, with a consensus target price around $387.27.

KFG Wealth Management LLC purchased 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 & Exchange Commission. The firm purchased 924 shares of the specialty chemicals company's stock, valued at approximately $317,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams during the first quarter worth approximately $27,000. Park Square Financial Group LLC bought a new position in Sherwin-Williams during the fourth quarter worth $27,000. Synergy Investment Management LLC raised 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 valued at $29,000 after purchasing an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Sherwin-Williams in the 1st quarter valued at $30,000. Finally, Saudi Central Bank acquired a new stake in Sherwin-Williams in the 1st quarter worth $33,000. Institutional investors own 77.67% of the company's stock.

Insiders Place Their Bets

In other Sherwin-Williams 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SHW shares. Wells Fargo & Company cut their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $296.00 to $375.00 in a research report on Thursday, August 14th. Finally, Evercore ISI raised their target price 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, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Sherwin-Williams Trading Down 0.0%

SHW opened at $346.72 on Tuesday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The stock has a market capitalization of $86.45 billion, a PE ratio of 34.40, a PEG ratio of 2.88 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average price of $354.60 and a two-hundred day moving average price of $348.70.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid 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 Company 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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