Simplicity Wealth LLC Invests $458,000 in The Sherwin-Williams Company $SHW

Key Points

• Simplicity Wealth LLC has invested $458,000 in The Sherwin-Williams Company, acquiring 1,334 shares during the second quarter.
• Analysts have adjusted their target prices for Sherwin-Williams, with Evercore ISI raising its target from $380 to $400, while others have made downward adjustments.
• Sherwin-Williams recently reported earnings of $3.38 per share, falling short of the consensus estimate of $3.76, despite a slight revenue increase year-over-year.

Simplicity Wealth LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,334 shares of the specialty chemicals company's stock, valued at approximately $458,000.

Several other large investors have also recently made changes to their positions in SHW. Price T Rowe Associates Inc. MD increased its position in shares of Sherwin-Williams by 21.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company's stock worth $3,023,126,000 after purchasing an additional 1,505,341 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Sherwin-Williams during the first quarter worth approximately $265,510,000. Assenagon Asset Management S.A. increased its position in shares of Sherwin-Williams by 601.0% during the second quarter. Assenagon Asset Management S.A. now owns 839,756 shares of the specialty chemicals company's stock worth $288,339,000 after purchasing an additional 719,965 shares in the last quarter. National Bank of Canada FI grew its holdings in Sherwin-Williams by 223.1% in the 1st quarter. National Bank of Canada FI now owns 615,375 shares of the specialty chemicals company's stock valued at $214,883,000 after buying an additional 424,930 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in Sherwin-Williams by 367.9% in the 1st quarter. Alyeska Investment Group L.P. now owns 537,216 shares of the specialty chemicals company's stock valued at $187,590,000 after buying an additional 422,410 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $337.48 on Thursday. The business has a 50-day moving average of $355.21 and a 200 day moving average of $348.53. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $400.42. The stock has a market capitalization of $84.14 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 2.80 and a beta of 1.20. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter last year, the business earned $3.70 earnings per share. The business's revenue was up .6% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued 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 was Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI upped their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. Mizuho dropped their target price on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Loop Capital dropped their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. BMO Capital Markets dropped their target price on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. One 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 stock. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus target price of $387.93.

Insider Transactions at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the transaction, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction, the insider owned 17,922 shares of the company's stock, valued at $6,609,992.04. This trade represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

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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