Oliver Lagore Vanvalin Investment Group Takes $639,000 Position in The Sherwin-Williams Company $SHW

Key Points

• The Oliver Lagore Vanvalin Investment Group invested approximately $639,000 in The Sherwin-Williams Company, acquiring 1,830 shares in the second quarter.
• Sherwin-Williams reported earnings per share of $3.38 for the latest quarter, missing estimates, but maintaining revenue of $6.31 billion.
• Recent insider transactions show key executives selling shares, with notable sales by CAO James P. Lang and insider Justin T. Binns, indicating potential shifts in ownership dynamics.

Oliver Lagore Vanvalin Investment Group purchased a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,830 shares of the specialty chemicals company's stock, valued at approximately $639,000.

Several other large investors have also modified their holdings of the company. Legacy Financial Strategies LLC boosted its holdings in shares of Sherwin-Williams by 0.8% in the second quarter. Legacy Financial Strategies LLC now owns 10,867 shares of the specialty chemicals company's stock valued at $3,731,000 after acquiring an additional 90 shares during the period. Carderock Capital Management Inc. boosted its holdings in shares of Sherwin-Williams by 6.3% in the second quarter. Carderock Capital Management Inc. now owns 25,045 shares of the specialty chemicals company's stock valued at $8,599,000 after acquiring an additional 1,482 shares during the period. YHB Investment Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 21.4% in the second quarter. YHB Investment Advisors Inc. now owns 2,654 shares of the specialty chemicals company's stock valued at $911,000 after acquiring an additional 467 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $218,000. Finally, Community Trust & Investment Co. boosted its holdings in shares of Sherwin-Williams by 1.2% in the second quarter. Community Trust & Investment Co. now owns 37,478 shares of the specialty chemicals company's stock valued at $12,868,000 after acquiring an additional 458 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SHW. Wells Fargo & Company decreased their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. BMO Capital Markets decreased their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Mizuho decreased their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Bank of America raised Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $296.00 to $375.00 in a report on Thursday, August 14th. Finally, Citigroup decreased their price target on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. One 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $387.27.

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 609 shares of the firm's stock in a transaction 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 owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO James P. Lang sold 860 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

NYSE:SHW traded down $0.08 during trading hours on Monday, hitting $346.72. The company's stock had a trading volume of 1,167,500 shares, compared to its average volume of 1,803,674. The business's 50-day moving average is $354.55 and its two-hundred day moving average is $348.83. The company 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 debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data 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). The business 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 company's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is currently 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.