The Sherwin-Williams Company $SHW Shares Acquired by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its holdings in Sherwin-Williams by 2.9% in Q2, acquiring an additional 3,200 shares, bringing their total to 114,282 shares valued at $39.24 million.
• Multiple institutional investors significantly boosted their positions in Sherwin-Williams, with Valley National Advisers Inc. increasing by 68% and Synergy Investment Management LLC by 583.3%.
• Analysts have mixed views on Sherwin-Williams, with price targets ranging from $378.00 to $400.00 and an overall consensus rating of "Moderate Buy" according to MarketBeat.com.

KLP Kapitalforvaltning AS raised its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,282 shares of the specialty chemicals company's stock after acquiring an additional 3,200 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Sherwin-Williams were worth $39,240,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SHW. Valley National Advisers Inc. boosted its position in shares of Sherwin-Williams by 68.0% during the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 34 shares in the last quarter. Synergy Investment Management LLC boosted its position in shares of Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter worth about $30,000. Saudi Central Bank acquired a new position in shares of Sherwin-Williams during the 1st quarter worth about $33,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter worth about $33,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup restated a "neutral" rating and set a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research note on Monday. UBS Group restated a "buy" rating and set a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a research note on Monday. Loop Capital dropped their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets dropped their price target on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $387.93.

Insider Buying and Selling

In other news, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO James P. Lang sold 860 shares of the 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 directly owned 377 shares of the company's stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Down 2.8%

Sherwin-Williams stock opened at $336.93 on Tuesday. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $400.42. The stock has a 50 day moving average of $355.12 and a two-hundred day moving average of $348.70. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $84.01 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.88 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the business posted $3.70 earnings per share. The firm'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, research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given 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 (DPR) is presently 31.35%.

Sherwin-Williams 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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