Ritholtz Wealth Management Has $4.05 Million Stock Position in The Sherwin-Williams Company $SHW

Key Points

• Ritholtz Wealth Management increased its stake in The Sherwin-Williams Company by 37.5% during Q2, now holding 11,786 shares valued at approximately $4.05 million.
• Wall Street analysts have mixed opinions on Sherwin-Williams, with a consensus rating of "Moderate Buy" and a target price averaging $387.13.
• Sherwin-Williams' recent earnings report revealed an EPS of $3.38, missing expectations, while projecting FY 2025 guidance at 11.200-11.500 EPS.

Ritholtz Wealth Management grew its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 37.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,786 shares of the specialty chemicals company's stock after acquiring an additional 3,217 shares during the quarter. Ritholtz Wealth Management's holdings in Sherwin-Williams were worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of SHW. Synergy Investment Management LLC lifted its stake in Sherwin-Williams by 583.3% in the first 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. Valley National Advisers Inc. lifted its stake in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new stake in Sherwin-Williams in the first quarter valued at approximately $33,000. Finally, Flaharty Asset Management LLC purchased a new stake in Sherwin-Williams during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SHW. Bank of America decreased their price objective on Sherwin-Williams from $375.00 to $368.00 and set a "neutral" rating on the stock in a report on Tuesday. Mizuho reduced 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 report on Wednesday, July 23rd. UBS Group reissued a "buy" rating and issued a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. JPMorgan Chase & Co. cut their price target on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, BMO Capital Markets dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $387.13.

Sherwin-Williams Trading Down 0.7%

Shares of NYSE SHW opened at $332.81 on Thursday. 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 business's 50 day moving average price is $354.01 and its 200-day moving average price is $348.20. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a market cap of $82.98 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 2.78 and a beta of 1.20.

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

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

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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