1,671 Shares in The Sherwin-Williams Company (NYSE:SHW) Acquired by OneAscent Investment Solutions LLC

Key Points

• OneAscent Investment Solutions LLC has acquired 1,671 shares of The Sherwin-Williams Company, valued at around $583,000.
• Insider trading revealed that CAO James P. Lang sold 860 shares for a total of $301,301, reducing his ownership in the company by nearly 70%.
• Analysts have varied opinions on Sherwin-Williams' stock, with price targets ranging from $375 to $420, while the consensus rating is a "Moderate Buy."

OneAscent Investment Solutions LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,671 shares of the specialty chemicals company's stock, valued at approximately $583,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams in the 1st quarter valued at about $27,000. Synergy Investment Management LLC boosted its holdings in Sherwin-Williams by 583.3% in 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 period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter worth approximately $30,000. Finally, HWG Holdings LP bought a new stake in shares of Sherwin-Williams during the 1st quarter worth approximately $46,000. 77.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SHW shares. Royal Bank Of Canada increased their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Citigroup decreased their price objective on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $296.00 to $375.00 in a research note on Thursday. Finally, Wells Fargo & Company dropped their price objective on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $388.60.

Sherwin-Williams Price Performance

NYSE:SHW traded down $1.39 during mid-day trading on Friday, hitting $364.18. 1,785,134 shares of the stock traded hands, compared to its average volume of 2,253,146. The business's 50-day moving average price is $346.00 and its 200 day moving average price is $347.91. The company has a market cap of $90.80 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 3.44 and a beta of 1.16. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $6.31 billion for 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%. Sherwin-Williams's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.70 EPS. On average, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued 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 is Friday, August 15th. Sherwin-Williams's payout ratio is presently 31.35%.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.

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.