Patton Albertson Miller Group LLC Purchases 3,257 Shares of The Sherwin-Williams Company $SHW

Key Points

• Patton Albertson Miller Group LLC increased its holdings in The Sherwin-Williams Company by 34.2%, acquiring an additional 3,257 shares in the second quarter, bringing their total to 12,768 shares worth approximately $4.38 million.
• Insider trading activity was noted, with CAO James P. Lang selling 860 shares at an average price of $350.35, while insider Justin T. Binns sold 609 shares at $368.82, both indicating a decrease in their respective holdings.
• Sherwin-Williams reported $3.38 EPS for the last quarter, missing analysts’ expectations, and set a FY 2025 guidance of 11.200-11.500 EPS, as the company continues to see slight year-over-year revenue growth.

Patton Albertson Miller Group LLC increased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 34.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,768 shares of the specialty chemicals company's stock after acquiring an additional 3,257 shares during the quarter. Patton Albertson Miller Group LLC's holdings in Sherwin-Williams were worth $4,384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. ORG Wealth Partners LLC boosted its holdings in Sherwin-Williams by 82.4% in the second quarter. ORG Wealth Partners LLC now owns 2,139 shares of the specialty chemicals company's stock worth $760,000 after acquiring an additional 966 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Sherwin-Williams by 87.6% in the 2nd quarter. ORG Partners LLC now owns 167 shares of the specialty chemicals company's stock valued at $57,000 after buying an additional 78 shares during the period. Cove Private Wealth LLC increased its position in Sherwin-Williams by 10.7% during the second quarter. Cove Private Wealth LLC now owns 1,604 shares of the specialty chemicals company's stock worth $551,000 after buying an additional 155 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in Sherwin-Williams during the second quarter valued at about $228,000. Finally, Kathmere Capital Management LLC lifted its stake in shares of Sherwin-Williams by 38.0% in the second quarter. Kathmere Capital Management LLC now owns 3,893 shares of the specialty chemicals company's stock worth $1,337,000 after acquiring an additional 1,071 shares in the last quarter. Hedge funds and other 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 the company's 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $224,611.38. Following the sale, the insider owned 17,922 shares in the company, valued at $6,609,992.04. The trade was 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.

Sherwin-Williams Price Performance

Shares of SHW opened at $342.05 on Friday. 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 one year low of $308.84 and a one year high of $400.42. The stock's fifty day moving average is $354.82 and its 200-day moving average is $348.42. The firm has a market capitalization of $85.28 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 2.84 and a beta of 1.18.

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

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams's dividend payout ratio is 31.35%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SHW. Wells Fargo & Company decreased their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. UBS Group reduced their target price on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

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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